Trip.com Group Limited Sponsored ADR $TCOM Shares Bought by Hhlr Advisors LTD.

Key Points

• Hhlr Advisors LTD increased its stake in Trip.com Group by 2.7%, bringing its total holdings to 938,842 shares, valued at approximately $59.7 million.
• Several hedge funds, including Stifel Financial Corp and Northern Trust Corp, have significantly increased their stakes in Trip.com Group during the fourth quarter, indicating growing institutional interest in the company.
• Wall Street analysts have raised their price targets on Trip.com Group shares, with a consensus target of $76.98, reflecting a general optimism about the stock's performance.

Hhlr Advisors LTD. grew its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 938,842 shares of the company's stock after purchasing an additional 25,000 shares during the period. Trip.com Group makes up about 1.7% of Hhlr Advisors LTD.'s holdings, making the stock its 12th largest holding. Hhlr Advisors LTD. owned about 0.14% of Trip.com Group worth $59,692,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC acquired a new position in Trip.com Group during the 1st quarter worth about $32,000. Summit Securities Group LLC purchased a new stake in Trip.com Group during the first quarter worth about $58,000. Allianz SE boosted its stake in shares of Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after purchasing an additional 871 shares during the period. Brooklyn Investment Group grew its holdings in shares of Trip.com Group by 239.5% in the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock valued at $78,000 after purchasing an additional 867 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in Trip.com Group during the 1st quarter worth approximately $78,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Down 0.3%

Shares of NASDAQ:TCOM traded down $0.20 during trading on Friday, hitting $72.79. 4,161,867 shares of the company were exchanged, compared to its average volume of 3,519,548. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33. The firm's 50 day moving average price is $63.37 and its 200-day moving average price is $61.70. The stock has a market capitalization of $47.55 billion, a P/E ratio of 19.94, a PEG ratio of 2.94 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a 12-month low of $46.20 and a 12-month high of $77.18.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. TD Securities increased their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. 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, August 28th. Bank of America increased their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Sanford C. Bernstein lifted their price objective 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, August 29th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $76.98.

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.