GAM Holding AG Increases Position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

GAM Holding AG boosted its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 24.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,495 shares of the company's stock after purchasing an additional 10,329 shares during the quarter. GAM Holding AG's holdings in Trip.com Group were worth $3,338,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TCOM. Empowered Funds LLC purchased a new stake in Trip.com Group during the fourth quarter valued at $136,000. Rhumbline Advisers lifted its holdings in shares of Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after acquiring an additional 184 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Trip.com Group by 87.9% in the 4th quarter. Principal Financial Group Inc. now owns 246,953 shares of the company's stock worth $16,956,000 after acquiring an additional 115,546 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Trip.com Group by 2.8% in the 4th quarter. Private Advisor Group LLC now owns 16,272 shares of the company's stock worth $1,117,000 after acquiring an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

NASDAQ TCOM traded down $0.69 on Friday, reaching $55.85. 5,510,451 shares of the company's stock traded hands, compared to its average volume of 3,942,289. The firm has a market cap of $36.49 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 2.58 and a beta of 0.09. The stock has a 50 day moving average price of $60.68 and a 200-day moving average price of $64.01. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46.

Analyst Ratings Changes

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

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.