TD Asset Management Inc Purchases 4,511 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• TD Asset Management Inc increased its holdings in Trip.com Group by 15.4%, acquiring an additional 4,511 shares and bringing its total to 33,789 shares valued at approximately $1.981 million.
• Multiple institutional investors have recently raised their positions in Trip.com Group, increasing the company’s institutional ownership to 35.41% of total stock.
• Analysts have lifted their price targets for Trip.com Group, with a consensus rating of "Buy" and an average price target of $76.98, following upgrades from firms like Barclays and Mizuho.

TD Asset Management Inc increased its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 15.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,789 shares of the company's stock after acquiring an additional 4,511 shares during the quarter. TD Asset Management Inc's holdings in Trip.com Group were worth $1,981,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new position in Trip.com Group in the 1st quarter worth $32,000. NewEdge Advisors LLC raised its position in shares of Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock valued at $36,000 after buying an additional 450 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Trip.com Group during the first quarter valued at about $58,000. Allianz SE raised its position in shares of Trip.com Group by 312.2% during the first quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after buying an additional 871 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Trip.com Group by 140.2% during the second quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company's stock valued at $69,000 after buying an additional 687 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $71.35 on Wednesday. Trip.com Group Limited Sponsored ADR has a 12-month low of $51.35 and a 12-month high of $78.65. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $46.61 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.95 and a beta of 0.03. The firm has a 50-day moving average price of $71.38 and a 200 day moving average price of $64.20.

Analysts Set New Price Targets

A number of research analysts have recently commented on TCOM shares. Barclays upped their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Mizuho upped their price objective on shares of Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Zacks Research raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Sanford C. Bernstein upped their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $76.98.

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.

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