Trip.com Group Limited Sponsored ADR $TCOM Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 16.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,305,417 shares of the company’s stock after acquiring an additional 180,300 shares during the quarter. Vontobel Holding Ltd.’s holdings in Trip.com Group were worth $98,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TCOM. NewEdge Advisors LLC increased its holdings in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares during the period. EverSource Wealth Advisors LLC grew its position in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after buying an additional 215 shares during the last quarter. First Horizon Advisors Inc. grew its position in Trip.com Group by 67.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock valued at $50,000 after buying an additional 342 shares during the last quarter. MAI Capital Management increased its stake in Trip.com Group by 14,928.6% in the 2nd quarter. MAI Capital Management now owns 1,052 shares of the company’s stock valued at $62,000 after buying an additional 1,045 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Trip.com Group by 140.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock worth $69,000 after buying an additional 687 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Sanford C. Bernstein lifted their price objective on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Mizuho boosted their target price 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. Bank of America increased their target price on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Benchmark lifted their price target on Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $81.25.

Trip.com Group Trading Down 1.7%

Shares of Trip.com Group stock opened at $72.48 on Wednesday. The company has a 50-day moving average of $71.26 and a two-hundred day moving average of $67.89. Trip.com Group Limited Sponsored ADR has a 12-month low of $51.35 and a 12-month high of $78.65. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The stock has a market cap of $47.35 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 2.23 and a beta of -0.13.

Trip.com Group Profile

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.