Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) is Mirae Asset Global Investments Co. Ltd.'s 8th Largest Position

Mirae Asset Global Investments Co. Ltd. lifted 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 fund owned 12,920,955 shares of the company's stock after purchasing an additional 12,165,176 shares during the period. Trip.com Group comprises approximately 2.2% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 8th largest position. Mirae Asset Global Investments Co. Ltd. owned approximately 2.01% of Trip.com Group worth $821,514,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TCOM. FMR LLC raised its stake in Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after acquiring an additional 13,964,875 shares in the last quarter. Schroder Investment Management Group raised its stake in Trip.com Group by 2.1% during the 4th quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock worth $700,115,000 after acquiring an additional 213,381 shares in the last quarter. Sanders Capital LLC raised its stake in Trip.com Group by 1.4% during the 4th quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock worth $665,854,000 after acquiring an additional 131,443 shares in the last quarter. FIL Ltd raised its stake in Trip.com Group by 8.8% during the 4th quarter. FIL Ltd now owns 8,453,025 shares of the company's stock worth $580,385,000 after acquiring an additional 684,364 shares in the last quarter. Finally, Capital International Investors raised its stake in Trip.com Group by 0.7% during the 4th quarter. Capital International Investors now owns 8,079,203 shares of the company's stock worth $554,717,000 after acquiring an additional 53,784 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on TCOM. Bank of America lifted their price target 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. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. TD Securities raised their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, May 20th. Finally, Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Stock Down 0.1%

Shares of NASDAQ:TCOM opened at $58.67 on Friday. The company has a market cap of $38.33 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 2.77 and a beta of 0.09. The firm's 50-day simple moving average is $60.98 and its 200-day simple moving average is $63.64. 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 $38.23 and a fifty-two week high of $77.18.

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.

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