Farther Finance Advisors LLC Boosts Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Farther Finance Advisors LLC raised its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 140.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,177 shares of the company’s stock after purchasing an additional 687 shares during the quarter. Farther Finance Advisors LLC’s holdings in Trip.com Group were worth $69,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TCOM. Wealth Enhancement Advisory Services LLC grew its stake in Trip.com Group by 15.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,805 shares of the company’s stock valued at $467,000 after purchasing an additional 905 shares during the last quarter. GAMMA Investing LLC grew its stake in Trip.com Group by 6,259.0% during the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company’s stock valued at $158,000 after purchasing an additional 2,441 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Trip.com Group during the 1st quarter valued at about $432,000. Handelsbanken Fonder AB grew its stake in Trip.com Group by 198.9% during the 1st quarter. Handelsbanken Fonder AB now owns 358,735 shares of the company’s stock valued at $22,808,000 after purchasing an additional 238,735 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in Trip.com Group by 3.4% during the 1st quarter. QRG Capital Management Inc. now owns 15,246 shares of the company’s stock valued at $969,000 after purchasing an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

TCOM stock opened at $73.32 on Monday. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $47.90 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 3.03 and a beta of 0.03. The business has a 50 day simple moving average of $69.11 and a 200-day simple moving average of $63.53.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Mizuho boosted their price objective on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Trip.com Group in a report on Saturday, September 27th. Finally, Sanford C. Bernstein boosted their price objective on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Buy” and a consensus price target of $76.98.

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.