Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Position Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 0.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,826 shares of the company’s stock after purchasing 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 SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TCOM. Principal Financial Group Inc. grew its position in Trip.com Group by 4.1% in the 1st quarter. Principal Financial Group Inc. now owns 257,077 shares of the company’s stock valued at $16,345,000 after buying an additional 10,124 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Trip.com Group in the 1st quarter valued at about $690,000. Baird Financial Group Inc. bought a new position in Trip.com Group in the 4th quarter valued at about $382,000. SG Americas Securities LLC bought a new position in Trip.com Group in the 1st quarter valued at about $432,000. Finally, Vise Technologies Inc. bought a new position in Trip.com Group in the 4th quarter valued at about $906,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Down 0.4%

TCOM opened at $63.37 on Tuesday. The stock has a market capitalization of $41.40 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 3.05 and a beta of 0.07. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.23 and a 1-year high of $77.18. The business has a 50 day moving average of $61.50 and a 200-day moving average of $62.43. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

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

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.