Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 1,609.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,920,955 shares of the company's stock after buying an additional 12,165,176 shares during the period. Trip.com Group accounts for about 2.2% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 8th largest holding. Mirae Asset Global Investments Co. Ltd. owned 2.01% of Trip.com Group worth $821,514,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Rhumbline Advisers raised its holdings in Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock valued at $825,000 after acquiring an additional 184 shares during the last quarter. Principal Securities Inc. increased its holdings 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 valued at $36,000 after purchasing an additional 169 shares during the last quarter. Private Advisor Group LLC lifted its position in Trip.com Group by 2.8% during the fourth quarter. Private Advisor Group LLC now owns 16,272 shares of the company's stock worth $1,117,000 after buying an additional 440 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Trip.com Group by 2.0% during the fourth quarter. QRG Capital Management Inc. now owns 14,751 shares of the company's stock worth $1,013,000 after buying an additional 286 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Trip.com Group by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company's stock valued at $205,678,000 after buying an additional 34,586 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.
Trip.com Group Trading Up 0.6%
TCOM traded up $0.33 during midday trading on Tuesday, hitting $58.97. The company's stock had a trading volume of 1,701,050 shares, compared to its average volume of 3,915,960. 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 50-day moving average price of $61.05 and a two-hundred day moving average price of $63.41. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The firm has a market cap of $38.52 billion, a P/E ratio of 17.09, a PEG ratio of 2.77 and a beta of 0.09.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on TCOM shares. Benchmark reiterated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Bank of America raised their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. TD Securities upped their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Mizuho upgraded Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $77.25.
Read Our Latest Research Report on Trip.com Group
About Trip.com Group
(
Free Report)
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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