Bank Julius Baer & Co. Ltd Zurich Has $1.04 Million Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 721.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,460 shares of the company’s stock after acquiring an additional 12,700 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Trip.com Group were worth $1,040,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP raised its position in shares of Trip.com Group by 7.0% in the 3rd quarter. Allworth Financial LP now owns 2,154 shares of the company’s stock worth $162,000 after acquiring an additional 140 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Trip.com Group by 5.2% in the 4th quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock worth $216,000 after acquiring an additional 148 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Trip.com Group by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock worth $523,000 after acquiring an additional 176 shares in the last quarter. CWM LLC raised its position in shares of Trip.com Group by 8.0% in the 4th quarter. CWM LLC now owns 2,443 shares of the company’s stock worth $176,000 after acquiring an additional 181 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after acquiring an additional 215 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TCOM shares. TD Cowen lowered their price objective on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Morgan Stanley reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Barclays reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $49.61 on Friday. Trip.com Group Limited Sponsored ADR has a one year low of $48.48 and a one year high of $78.99. The firm has a market capitalization of $32.23 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 3.44 and a beta of -0.03. The business has a 50-day simple moving average of $52.10 and a 200 day simple moving average of $61.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Saturday, February 14th. The company reported $0.71 EPS for the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The business had revenue of $2.20 billion during the quarter. On average, research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current fiscal year.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.