Asset Management One Co. Ltd. Has $6.83 Million Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Asset Management One Co. Ltd. increased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,423 shares of the company’s stock after buying an additional 11,539 shares during the period. Asset Management One Co. Ltd.’s holdings in Trip.com Group were worth $6,827,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cantillon Capital Management LLC lifted its position in Trip.com Group by 14.6% during the 2nd quarter. Cantillon Capital Management LLC now owns 4,097,251 shares of the company’s stock worth $240,263,000 after buying an additional 520,438 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its position in Trip.com Group by 2.1% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 8,934 shares of the company’s stock worth $524,000 after buying an additional 184 shares in the last quarter. Lyell Wealth Management LP lifted its position in Trip.com Group by 24.3% during the 2nd quarter. Lyell Wealth Management LP now owns 4,973 shares of the company’s stock worth $292,000 after buying an additional 973 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Trip.com Group during the 2nd quarter worth about $841,000. Finally, TD Asset Management Inc raised its holdings in Trip.com Group by 15.4% during the 2nd quarter. TD Asset Management Inc now owns 33,789 shares of the company’s stock worth $1,981,000 after purchasing an additional 4,511 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $72.36 on Wednesday. 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 stock has a market cap of $47.27 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 2.83 and a beta of 0.03. The stock has a 50-day moving average of $72.35 and a 200-day moving average of $64.92. Trip.com Group Limited Sponsored ADR has a one year low of $51.35 and a one year high of $78.65.

Analyst Ratings Changes

TCOM has been the subject of several recent research reports. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Barclays boosted their price objective on Trip.com Group from $84.00 to $85.00 and gave the stock 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 stock an “outperform” rating in a report on Thursday, August 28th. Sanford C. Bernstein boosted their price objective on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Trip.com Group currently has a consensus rating of “Buy” and a consensus target price of $76.98.

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.