LPL Financial LLC Grows Stake in Trip.com Group Limited Sponsored ADR $TCOM

LPL Financial LLC lifted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 219.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,706 shares of the company’s stock after buying an additional 30,723 shares during the period. LPL Financial LLC’s holdings in Trip.com Group were worth $2,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TCOM. Raymond James Financial Inc. purchased a new position in shares of Trip.com Group in the 4th quarter worth $4,192,000. Townsquare Capital LLC purchased a new position in shares of Trip.com Group in the 4th quarter worth $550,000. Barclays PLC boosted its stake in shares of Trip.com Group by 98.9% in the 4th quarter. Barclays PLC now owns 304,557 shares of the company’s stock worth $20,910,000 after buying an additional 151,461 shares during the last quarter. Mariner LLC boosted its stake in shares of Trip.com Group by 26.8% in the 4th quarter. Mariner LLC now owns 9,184 shares of the company’s stock worth $631,000 after buying an additional 1,942 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Trip.com Group by 127.8% in the 4th quarter. First Trust Advisors LP now owns 83,700 shares of the company’s stock worth $5,747,000 after buying an additional 46,957 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $62.37 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $60.91 and its two-hundred day simple moving average is $61.70. The stock has a market cap of $40.74 billion, a PE ratio of 18.08, a P/E/G ratio of 2.99 and a beta of 0.06. Trip.com Group Limited Sponsored ADR has a 52 week low of $41.22 and a 52 week high of $77.18.

Analyst Ratings Changes

TCOM has been the topic of several analyst reports. Bank of America lifted their target price 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. Mizuho upgraded Trip.com Group to a “strong-buy” rating in a research report on Friday, May 2nd. Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. TD Securities lifted their target price on Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Trip.com Group currently 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.