SG Americas Securities LLC Purchases Shares of 6,787 Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

SG Americas Securities LLC purchased a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,787 shares of the company’s stock, valued at approximately $432,000.

Other institutional investors have also made changes to their positions in the company. FMR LLC lifted its position in shares of Trip.com Group by 125.5% in the fourth quarter. FMR LLC now owns 25,088,658 shares of the company’s stock worth $1,722,587,000 after purchasing an additional 13,964,875 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Trip.com Group by 1,925.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company’s stock valued at $205,057,000 after acquiring an additional 2,839,142 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock valued at $299,700,000 after acquiring an additional 2,101,937 shares in the last quarter. Voya Investment Management LLC grew its stake in Trip.com Group by 751.8% during the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company’s stock worth $144,649,000 after buying an additional 1,859,401 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Trip.com Group by 16,640.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company’s stock worth $98,277,000 after buying an additional 1,422,786 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TCOM shares. Bank of America increased their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Wall Street Zen cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. TD Securities increased their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Benchmark restated a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $77.25.

Trip.com Group Stock Up 3.2%

TCOM opened at $57.61 on Tuesday. The firm has a market capitalization of $37.63 billion, a P/E ratio of 16.70, a PEG ratio of 2.58 and a beta of 0.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company’s 50-day moving average is $60.70 and its 200 day moving average is $63.91.

Trip.com Group Company 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.