Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Shares Purchased by GAM Holding AG

GAM Holding AG raised its position in 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 firm 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 institutional investors and hedge funds have also recently bought and sold shares of the stock. National Bank of Canada FI increased its position in Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after buying an additional 321 shares during the period. Rakuten Securities Inc. raised its position in Trip.com Group by 1,496.7% in the 4th 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. boosted its stake in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after purchasing an additional 169 shares during the period. Farther Finance Advisors LLC grew its position in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after purchasing an additional 510 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Trip.com Group in the fourth quarter valued at $94,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded up $1.28 on Tuesday, hitting $58.89. The company had a trading volume of 3,949,127 shares, compared to its average volume of 3,942,044. 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 company has a market cap of $38.47 billion, a PE ratio of 17.07, a PEG ratio of 2.58 and a beta of 0.09. Trip.com Group Limited Sponsored ADR has a 52-week low of $38.23 and a 52-week high of $77.18. The business has a 50 day moving average of $60.70 and a 200 day moving average of $63.91.

Analyst Ratings Changes

TCOM has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective 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. Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. Bank of America increased their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. TD Securities boosted their price objective 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. Finally, Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. One equities research 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, Trip.com Group currently has a consensus rating of "Buy" and an average target price of $77.25.

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.