Baird Financial Group Inc. Has $371,000 Position in Trip.com Group Limited Sponsored ADR $TCOM

Baird Financial Group Inc. increased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 4.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,828 shares of the company’s stock after buying an additional 261 shares during the quarter. Baird Financial Group Inc.’s holdings in Trip.com Group were worth $371,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Stone House Investment Management LLC bought a new position in shares of Trip.com Group during the first quarter worth about $32,000. Summit Securities Group LLC bought a new position in shares of Trip.com Group during the first quarter worth about $58,000. Allianz SE grew its holdings in shares of Trip.com Group by 312.2% during the first quarter. Allianz SE now owns 1,150 shares of the company’s stock worth $73,000 after buying an additional 871 shares in the last quarter. Brooklyn Investment Group boosted its position in Trip.com Group by 239.5% during the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company’s stock valued at $78,000 after purchasing an additional 867 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Trip.com Group during the first quarter valued at approximately $78,000. 35.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TCOM shares. Sanford C. Bernstein raised their price target on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Bank of America raised their price target on Trip.com Group from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Mizuho raised their price target on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Barclays lifted their target price on Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $76.98.

Trip.com Group Stock Performance

TCOM opened at $74.83 on Friday. Trip.com Group Limited Sponsored ADR has a 1 year low of $46.20 and a 1 year high of $77.18. The business has a fifty day simple moving average of $64.80 and a 200 day simple moving average of $61.93. The company has a market capitalization of $48.88 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.99 and a beta of 0.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33.

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.