U S Global Investors Inc. reduced its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 18.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,993 shares of the company's stock after selling 27,608 shares during the period. Trip.com Group comprises about 1.0% of U S Global Investors Inc.'s investment portfolio, making the stock its 23rd largest holding. U S Global Investors Inc.'s holdings in Trip.com Group were worth $7,693,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. FMR LLC grew its stake in shares of Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after acquiring an additional 13,964,875 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Trip.com Group by 1,609.6% in 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 buying an additional 12,165,176 shares during the last quarter. Schroder Investment Management Group lifted its position in Trip.com Group by 2.1% during the 4th quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock worth $700,115,000 after buying an additional 213,381 shares in the last quarter. Sanders Capital LLC boosted its stake in shares of Trip.com Group by 1.4% during the 4th quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock worth $665,854,000 after buying an additional 131,443 shares during the last quarter. Finally, FIL Ltd grew its holdings in shares of Trip.com Group by 8.8% in the 4th quarter. FIL Ltd now owns 8,453,025 shares of the company's stock valued at $580,385,000 after acquiring an additional 684,364 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.
Trip.com Group Stock Performance
Shares of TCOM traded up $0.33 during midday trading on Tuesday, reaching $58.97. 1,701,050 shares of the stock were exchanged, compared to its average volume of 3,915,960. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock's 50 day simple moving average is $61.05 and its 200 day simple moving average is $63.41. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.23 and a twelve month high of $77.18. The company has a market cap of $38.52 billion, a P/E ratio of 17.09, a PEG ratio of 2.77 and a beta of 0.09.
Analyst Ratings Changes
TCOM has been the topic of several analyst reports. TD Securities upped their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Bank of America increased their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $77.25.
View Our Latest Research Report on TCOM
Trip.com Group Profile
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Free Report)
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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