U S Global Investors Inc. Increases Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• U S Global Investors Inc. increased its stake in Trip.com Group by 11.4%, holding 134,738 shares worth approximately $7.9 million.
• Several other hedge funds also invested in Trip.com Group, with notable increases including Wealth Enhancement Advisory Services at 15.3% growth and GAMMA Investing LLC at a staggering 6,259%.
• Analysts are optimistic about Trip.com Group, with upgrades to target prices and a consensus rating of "Buy", reflecting positive sentiment towards the stock's future performance.

U S Global Investors Inc. raised its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 11.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,738 shares of the company's stock after purchasing an additional 13,745 shares during the period. Trip.com Group accounts for about 0.9% of U S Global Investors Inc.'s holdings, making the stock its 24th biggest position. U S Global Investors Inc.'s holdings in Trip.com Group were worth $7,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in TCOM. Wealth Enhancement Advisory Services LLC grew its position in shares of Trip.com Group by 15.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,805 shares of the company's stock worth $467,000 after acquiring an additional 905 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Trip.com Group by 6,259.0% during the first quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock worth $158,000 after acquiring an additional 2,441 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Trip.com Group during the first quarter worth approximately $432,000. QRG Capital Management Inc. grew its position in shares of Trip.com Group by 3.4% during the first quarter. QRG Capital Management Inc. now owns 15,246 shares of the company's stock worth $969,000 after acquiring an additional 495 shares during the last quarter. Finally, Matthews International Capital Management LLC grew its position in shares of Trip.com Group by 2.6% during the first quarter. Matthews International Capital Management LLC now owns 455,880 shares of the company's stock worth $28,985,000 after acquiring an additional 11,516 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Trip.com Group stock opened at $70.08 on Friday. Trip.com Group Limited Sponsored ADR has a one year low of $51.35 and a one year high of $78.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The business has a fifty day moving average of $70.01 and a two-hundred day moving average of $63.79. The company has a market cap of $45.78 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 2.93 and a beta of 0.03.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein raised 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, August 29th. Barclays raised their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Zacks Research upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Trip.com Group in a report on Wednesday. Finally, Mizuho increased their price target on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Trip.com Group has an average rating of "Buy" and an average price target of $76.98.

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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