Envestnet Asset Management Inc. Acquires 722 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Envestnet Asset Management Inc. lifted its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,826 shares of the company’s stock after acquiring an additional 722 shares during the period. Envestnet Asset Management Inc.’s holdings in Trip.com Group were worth $9,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TCOM. Raymond James Financial Inc. acquired a new stake in shares of Trip.com Group during the fourth quarter worth $4,192,000. Farther Finance Advisors LLC lifted its position in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after purchasing an additional 510 shares during the last quarter. Natixis Advisors LLC boosted its position in Trip.com Group by 1.3% during the 4th quarter. Natixis Advisors LLC now owns 43,103 shares of the company’s stock valued at $2,960,000 after buying an additional 542 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Trip.com Group by 8.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,132 shares of the company’s stock worth $490,000 after acquiring an additional 544 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of Trip.com Group by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 8,761 shares of the company’s stock valued at $602,000 after acquiring an additional 304 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $63.37 on Tuesday. Trip.com Group Limited Sponsored ADR has a 52-week low of $38.23 and a 52-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 company has a fifty day moving average of $61.50 and a 200-day moving average of $62.43.

Wall Street Analyst Weigh In

A number of brokerages have commented on TCOM. Mizuho upgraded shares of Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. TD Securities boosted their target price on Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Wall Street Zen downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, Bank of America upped their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $77.25.

Trip.com Group 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.