Trip.com Group Limited Sponsored ADR $TCOM Shares Acquired 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 grew its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 1,543.6% in the 1st 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 acquiring 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of TCOM. Raymond James Financial Inc. acquired a new position in shares of Trip.com Group in the fourth quarter worth $4,192,000. Mariner LLC grew its stake in shares of Trip.com Group by 26.8% in the fourth quarter. Mariner LLC now owns 9,184 shares of the company's stock worth $631,000 after acquiring an additional 1,942 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Trip.com Group by 127.8% in the fourth quarter. First Trust Advisors LP now owns 83,700 shares of the company's stock worth $5,747,000 after acquiring an additional 46,957 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Trip.com Group by 44.0% in the fourth quarter. MML Investors Services LLC now owns 20,345 shares of the company's stock worth $1,397,000 after acquiring an additional 6,219 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Trip.com Group by 28.2% in the fourth quarter. Stifel Financial Corp now owns 22,054 shares of the company's stock worth $1,514,000 after acquiring an additional 4,854 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $64.92 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. Trip.com Group Limited Sponsored ADR has a 1 year low of $41.86 and a 1 year high of $77.18. The company has a market capitalization of $42.41 billion, a PE ratio of 18.82, a P/E/G ratio of 3.11 and a beta of 0.06. The company has a fifty day moving average of $61.17 and a two-hundred day moving average of $61.48.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America boosted 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. Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, TD Securities boosted their target price 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. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $77.25.

About Trip.com Group

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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