WIM INVESTMENT MANAGEMENT Ltd Invests $12.79 Million in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• WIM INVESTMENT MANAGEMENT Ltd has acquired 201,100 shares of Trip.com Group Limited, amounting to approximately $12.79 million, making it the 7th largest position in their investment portfolio.
• Multiple hedge funds have recently increased their stakes in Trip.com Group, with notable increases including 227.7% by National Bank of Canada FI and 6,259.0% by GAMMA Investing LLC.
• Analyst ratings for Trip.com Group are predominantly positive, with ten analysts giving a buy rating and an average price target of $77.25 despite one downgrade to a hold rating.

WIM INVESTMENT MANAGEMENT Ltd bought a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 201,100 shares of the company's stock, valued at approximately $12,786,000. Trip.com Group makes up approximately 5.3% of WIM INVESTMENT MANAGEMENT Ltd's investment portfolio, making the stock its 7th biggest position.

Several other hedge funds have also recently bought and sold shares of the business. National Bank of Canada FI boosted its position in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after buying an additional 321 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Trip.com Group by 28.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock worth $104,000 after acquiring an additional 360 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Trip.com Group by 6,259.0% in the 1st 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 period. CWM LLC grew its position in Trip.com Group by 15.0% in the first quarter. CWM LLC now owns 2,810 shares of the company's stock valued at $179,000 after acquiring an additional 366 shares in the last quarter. Finally, Natixis raised its stake in shares of Trip.com Group by 13.1% during the fourth quarter. Natixis now owns 2,703 shares of the company's stock valued at $186,000 after purchasing an additional 313 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TCOM. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. TD Securities raised their target price on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Finally, Bank of America raised their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $77.25.

Trip.com Group Trading Down 1.4%

NASDAQ:TCOM opened at $63.50 on Tuesday. The company has a market cap of $41.48 billion, a PE ratio of 18.41, a P/E/G ratio of 3.09 and a beta of 0.07. The business's 50 day moving average is $61.26 and its two-hundred day moving average is $62.38. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a 52 week low of $38.23 and a 52 week high of $77.18.

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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