Voya Investment Management LLC Boosts Stock Position in 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 raised its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 41.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of Trip.com Group by 0.7% in the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock worth $1,444,000 after buying an additional 166 shares in the last quarter. Prudential PLC raised its stake in shares of Trip.com Group by 2.1% during the first quarter. Prudential PLC now owns 11,897 shares of the company's stock worth $756,000 after acquiring an additional 244 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Trip.com Group by 4.7% in the first quarter. Baird Financial Group Inc. now owns 5,828 shares of the company's stock worth $371,000 after purchasing an additional 261 shares during the last quarter. Townsquare Capital LLC grew its holdings in shares of Trip.com Group by 4.2% in the first quarter. Townsquare Capital LLC now owns 8,349 shares of the company's stock worth $531,000 after purchasing an additional 338 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Trip.com Group by 28.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock worth $104,000 after purchasing an additional 360 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several recent analyst reports. Mizuho lifted their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Sanford C. Bernstein boosted their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Bank of America boosted their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. TD Securities boosted their target price 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. Finally, Barclays boosted their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat.com, Trip.com Group currently has an average rating of "Buy" and an average price target of $76.98.

Trip.com Group Stock Performance

TCOM traded down $0.10 during midday trading on Wednesday, hitting $76.48. 2,902,363 shares of the company traded hands, compared to its average volume of 3,485,402. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $49.96 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 3.06 and a beta of 0.03. The company's 50-day moving average is $65.67 and its 200 day moving average is $62.33. Trip.com Group Limited Sponsored ADR has a 52 week low of $46.20 and a 52 week high of $77.87.

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.