Cerity Partners LLC Raises Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Cerity Partners LLC grew its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 57.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,657 shares of the company’s stock after buying an additional 7,929 shares during the period. Cerity Partners LLC’s holdings in Trip.com Group were worth $1,377,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI raised its holdings in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after acquiring an additional 321 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after acquiring an additional 510 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Trip.com Group by 6,259.0% in the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company’s stock valued at $158,000 after acquiring an additional 2,441 shares in the last quarter. Natixis raised its holdings in shares of Trip.com Group by 13.1% in the 4th quarter. Natixis now owns 2,703 shares of the company’s stock valued at $186,000 after acquiring an additional 313 shares in the last quarter. Finally, Wealthquest Corp purchased a new stake in shares of Trip.com Group in the 1st quarter valued at about $191,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TCOM. Bank of America lifted their price objective on Trip.com Group from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Benchmark restated a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. 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. Wall Street Zen cut Trip.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, Mizuho upgraded Trip.com Group to a “strong-buy” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $77.25.

Trip.com Group Price Performance

Shares of TCOM opened at $63.37 on Tuesday. 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 has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market capitalization of $41.40 billion, a P/E ratio of 18.37, a P/E/G ratio of 3.05 and a beta of 0.07. The business’s 50-day moving average is $61.50 and its two-hundred day moving average is $62.43.

About Trip.com Group

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.