VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Virginia Retirement Systems recently acquired a new stake in Trip.com Group Limited, purchasing 14,350 shares valued at approximately $841,000 during the second quarter.
• Analysts have given Trip.com Group a consensus rating of Buy, with Barclays and Mizuho increasing their price targets to $85.00 and $81.00 respectively.
• Trip.com Group's stock is currently trading at $71.08, with a market capitalization of $46.43 billion and a price-to-earnings ratio of 19.47.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,350 shares of the company's stock, valued at approximately $841,000.

Other large investors have also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in Trip.com Group in the first quarter valued at approximately $32,000. NewEdge Advisors LLC boosted its position in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock worth $36,000 after purchasing an additional 450 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Trip.com Group in the 1st quarter worth approximately $58,000. Farther Finance Advisors LLC boosted its position in Trip.com Group by 140.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company's stock worth $69,000 after purchasing an additional 687 shares in the last quarter. Finally, Allianz SE boosted its position in Trip.com Group by 312.2% in the 1st 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. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Up 0.5%

Shares of NASDAQ:TCOM opened at $71.08 on Friday. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The firm has a market capitalization of $46.43 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.72 and a beta of 0.03. 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 business's 50 day moving average price is $71.78 and its 200-day moving average price is $64.36.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TCOM shares. Weiss Ratings restated a "hold (c+)" rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Barclays upped their price objective on 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 Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Mizuho upped their price objective on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Finally, Sanford C. Bernstein upped their price objective on Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price 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.

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