Trip.com Group Limited Sponsored ADR $TCOM Shares Bought by Taikang Asset Management Hong Kong Co Ltd

Key Points

• Taikang Asset Management Hong Kong Co Ltd significantly increased its holdings in Trip.com Group Limited by 1,543.6% during the first quarter, acquiring an additional 28,000 shares, bringing its total to 29,814 shares valued at approximately $1.9 million.
• Multiple institutional investors have shown increased interest in Trip.com Group, with significant stake growth from firms such as First Trust Advisors LP, which raised its stake by 127.8% in the last quarter.
• Wall Street analysts remain optimistic about Trip.com Group, with several firms raising their price targets; the consensus rating is a "Buy" with a target price of $77.25.

Taikang Asset Management Hong Kong Co Ltd raised its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 1,543.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,814 shares of the company's stock after buying an additional 28,000 shares during the period. Taikang Asset Management Hong Kong Co Ltd's holdings in Trip.com Group were worth $1,896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TCOM. Stone House Investment Management LLC acquired a new position in shares of Trip.com Group during the first quarter worth $32,000. Summit Securities Group LLC acquired a new position in shares of Trip.com Group during the first quarter worth $58,000. Allianz SE lifted its position in shares of Trip.com Group by 312.2% during the first quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after purchasing an additional 871 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Trip.com Group during the first quarter worth $78,000. Finally, Brooklyn Investment Group lifted its position in shares of Trip.com Group by 239.5% during the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock worth $78,000 after purchasing an additional 867 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TCOM has been the topic of a number of recent research reports. Sanford C. Bernstein boosted their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday. Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. 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. TD Securities lifted their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Mizuho lifted their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat, Trip.com Group has an average rating of "Buy" and an average target price of $76.98.

Trip.com Group Stock Performance

TCOM stock traded down $1.28 during trading on Friday, hitting $73.75. 4,246,337 shares of the company's stock traded hands, compared to its average volume of 3,424,855. 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 52 week low of $46.20 and a 52 week high of $77.18. The stock has a fifty day moving average price of $62.27 and a two-hundred day moving average price of $61.56. The stock has a market capitalization of $48.18 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 3.53 and a beta of 0.06.

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.