Russell Investments Group Ltd. Has $151.73 Million Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• Russell Investments Group Ltd. increased its stake in Trip.com Group by 48.7%, acquiring an additional 781,916 shares, bringing its total ownership to approximately 2.39 million shares valued at $151.72 million.
• Overall, institutional investors hold about 35.41% of Trip.com Group’s stock, with several firms, including Principal Financial Group and Cerity Partners, also boosting their positions in the company during the first quarter.
• Trip.com Group's stock received a consensus rating of "Buy" from analysts, with a price target of $77.25, as firms like Bank of America and Mizuho raised their target prices on the shares.

Russell Investments Group Ltd. lifted its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 48.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,386,398 shares of the company's stock after acquiring an additional 781,916 shares during the period. Russell Investments Group Ltd. owned approximately 0.37% of Trip.com Group worth $151,727,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Prudential PLC lifted its holdings in shares of Trip.com Group by 2.1% during the 1st quarter. Prudential PLC now owns 11,897 shares of the company's stock worth $756,000 after acquiring an additional 244 shares during the period. Stone House Investment Management LLC bought a new position in shares of Trip.com Group during the 1st quarter worth about $32,000. HighTower Advisors LLC bought a new position in shares of Trip.com Group during the 1st quarter worth about $3,799,000. AIA Group Ltd lifted its holdings in Trip.com Group by 8.3% during the 1st quarter. AIA Group Ltd now owns 135,533 shares of the company's stock valued at $8,617,000 after purchasing an additional 10,435 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Trip.com Group by 135.3% during the 1st quarter. Invesco Ltd. now owns 1,444,890 shares of the company's stock valued at $91,866,000 after purchasing an additional 830,808 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Benchmark reissued a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. TD Securities raised their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Bank of America boosted their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Trip.com Group presently has an average rating of "Buy" and an average target price of $77.25.

Trip.com Group Trading Up 3.4%

NASDAQ TCOM traded up $2.06 during trading on Friday, reaching $62.37. 4,114,908 shares of the stock traded hands, compared to its average volume of 2,638,539. The firm has a market cap of $40.74 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 2.89 and a beta of 0.06. The stock's 50-day moving average price is $60.91 and its 200 day moving average price is $61.85. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $41.22 and a fifty-two week high of $77.18.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.