Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Stock Holdings Raised by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 257,077 shares of the company's stock after purchasing an additional 10,124 shares during the quarter. Principal Financial Group Inc.'s holdings in Trip.com Group were worth $16,345,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Trip.com Group by 125.5% in the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock valued at $1,722,587,000 after purchasing an additional 13,964,875 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Trip.com Group by 1,609.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock valued at $821,514,000 after purchasing an additional 12,165,176 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Trip.com Group by 1,925.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock worth $205,057,000 after purchasing an additional 2,839,142 shares during the period. Wellington Management Group LLP raised its stake in Trip.com Group by 92.9% during the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after purchasing an additional 2,101,937 shares during the period. Finally, Voya Investment Management LLC raised its position in Trip.com Group by 751.8% during the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock valued at $144,649,000 after buying an additional 1,859,401 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of research reports. TD Securities lifted their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Bank of America lifted their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Finally, Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Stock Up 0.1%

Shares of TCOM opened at $61.92 on Friday. The firm has a 50 day simple moving average of $61.37 and a two-hundred day simple moving average of $62.76. Trip.com Group Limited Sponsored ADR has a one year low of $38.23 and a one year high of $77.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $40.45 billion, a P/E ratio of 17.95, a P/E/G ratio of 2.92 and a beta of 0.07.

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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