SG Americas Securities LLC Acquires Shares of 6,787 Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

SG Americas Securities LLC purchased a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,787 shares of the company's stock, valued at approximately $432,000.

A number of other institutional investors also recently modified their holdings of TCOM. National Bank of Canada FI raised its position in Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after buying an additional 321 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after purchasing an additional 169 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after purchasing an additional 510 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Trip.com Group during the fourth quarter worth $94,000. 35.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. TD Securities lifted their target price on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Bank of America raised their price target on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $77.25.

Trip.com Group Stock Performance

TCOM traded down $0.03 during trading hours on Friday, reaching $58.67. The company's stock had a trading volume of 870,203 shares, compared to its average volume of 3,927,324. Trip.com Group Limited Sponsored ADR has a 52 week low of $38.23 and a 52 week high of $77.18. The firm has a market cap of $38.33 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 2.80 and a beta of 0.09. The company's 50-day moving average is $60.90 and its 200-day moving average is $63.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46.

Trip.com Group 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.