Asset Management One Co. Ltd. Has $10.67 Million Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Asset Management One Co. Ltd. increased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 21.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 141,865 shares of the company’s stock after purchasing an additional 25,442 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Trip.com Group were worth $10,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. U S Global Investors Inc. increased its stake in Trip.com Group by 11.4% in the 2nd quarter. U S Global Investors Inc. now owns 134,738 shares of the company’s stock valued at $7,901,000 after buying an additional 13,745 shares during the last quarter. Pinnacle Investment Management Ltd bought a new position in shares of Trip.com Group in the 1st quarter valued at about $1,272,000. Strs Ohio acquired a new stake in shares of Trip.com Group in the first quarter valued at about $8,191,000. Goldman Sachs Group Inc. increased its position in shares of Trip.com Group by 97.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,471,349 shares of the company’s stock valued at $93,548,000 after acquiring an additional 725,132 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in Trip.com Group by 16.0% during the third quarter. Vontobel Holding Ltd. now owns 1,305,417 shares of the company’s stock worth $98,167,000 after acquiring an additional 180,300 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America boosted their price target on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Benchmark boosted their target price on shares of Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Citigroup increased their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Zacks Research upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Barclays upped their target price on shares of Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $81.25.

Trip.com Group Stock Up 0.1%

Trip.com Group stock opened at $76.16 on Thursday. The company’s 50-day moving average price is $71.70 and its two-hundred day moving average price is $68.89. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. The stock has a market cap of $49.75 billion, a P/E ratio of 12.19, a P/E/G ratio of 2.51 and a beta of -0.13. Trip.com Group Limited Sponsored ADR has a twelve month low of $51.35 and a twelve month high of $78.65.

Trip.com Group Company 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.