Wealth Enhancement Advisory Services LLC Has $354,000 Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Wealth Enhancement Advisory Services LLC increased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 4.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,032 shares of the company’s stock after acquiring an additional 235 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Trip.com Group were worth $354,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings 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 during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Trip.com Group in the 1st quarter valued at $690,000. Cerity Partners LLC grew its stake in shares of Trip.com Group by 57.8% during the first quarter. Cerity Partners LLC now owns 21,657 shares of the company’s stock worth $1,377,000 after purchasing an additional 7,929 shares during the period. LPL Financial LLC grew its stake in Trip.com Group by 219.7% in the first quarter. LPL Financial LLC now owns 44,706 shares of the company’s stock valued at $2,842,000 after acquiring an additional 30,723 shares during the period. Finally, Ground Swell Capital LLC bought a new stake in shares of Trip.com Group in the first quarter valued at about $687,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

TCOM stock opened at $71.62 on Wednesday. The firm has a market cap of $46.79 billion, a PE ratio of 19.62, a P/E/G ratio of 2.95 and a beta of 0.03. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $69.44 and a 200-day moving average of $63.64. Trip.com Group Limited Sponsored ADR has a 12-month low of $51.35 and a 12-month high of $78.65.

Analyst Ratings Changes

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

About Trip.com Group

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.