Voya Investment Management LLC Purchases 872,630 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Voya Investment Management LLC increased its stake in Trip.com Group Limited by 41.4%, owning approximately 2.98 million shares valued at $189.43 million by the end of the first quarter.
• Analysts have shown strong confidence in Trip.com Group, with firms like Zacks Research upgrading its rating to "strong-buy" and multiple analysts setting higher price targets, currently averaging around $76.98.
• Trip.com Group's stock performance shows a market capitalization of $48.88 billion, with shares trading between a twelve-month low of $46.20 and a high of $77.18.

Voya Investment Management LLC grew its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 41.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,979,370 shares of the company's stock after purchasing an additional 872,630 shares during the quarter. Voya Investment Management LLC owned approximately 0.46% of Trip.com Group worth $189,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TCOM. Principal Financial Group Inc. lifted its stake in shares of Trip.com Group by 4.1% during the 1st quarter. Principal Financial Group Inc. now owns 257,077 shares of the company's stock valued at $16,345,000 after buying an additional 10,124 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Trip.com Group during the first quarter valued at about $690,000. Cerity Partners LLC lifted its position in shares of Trip.com Group by 57.8% in the first quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock valued at $1,377,000 after acquiring an additional 7,929 shares in the last quarter. Baird Financial Group Inc. bought a new position in shares of Trip.com Group in the fourth quarter worth about $382,000. Finally, LPL Financial LLC grew its position in shares of Trip.com Group by 219.7% during the first quarter. LPL Financial LLC now owns 44,706 shares of the company's stock worth $2,842,000 after purchasing an additional 30,723 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Price Performance

TCOM stock traded down $0.96 during trading on Friday, hitting $73.87. 1,368,592 shares of the company's stock traded hands, compared to its average volume of 3,209,342. Trip.com Group Limited Sponsored ADR has a 52 week low of $46.20 and a 52 week high of $77.18. The stock has a market capitalization of $48.26 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 3.05 and a beta of 0.03. The business has a fifty day simple moving average of $65.10 and a 200 day simple moving average of $62.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33.

Analysts Set New Price Targets

A number of brokerages have issued reports on TCOM. Zacks Research raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Sanford C. Bernstein upped 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. TD Securities lifted their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Finally, Barclays raised their price objective on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price 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.