95,954 Shares in Trip.com Group Limited Sponsored ADR $TCOM Bought by ABN Amro Investment Solutions

ABN Amro Investment Solutions purchased a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the second quarter, according to its most recent filing with the SEC. The firm purchased 95,954 shares of the company’s stock, valued at approximately $5,627,000.

A number of other large investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in Trip.com Group by 56.0% during the second quarter. PNC Financial Services Group Inc. now owns 6,674 shares of the company’s stock worth $391,000 after buying an additional 2,395 shares in the last quarter. Wealth Alliance LLC purchased a new position in Trip.com Group during the second quarter worth approximately $259,000. KBC Group NV grew its position in Trip.com Group by 13.2% during the second quarter. KBC Group NV now owns 157,164 shares of the company’s stock valued at $9,216,000 after acquiring an additional 18,354 shares during the period. Vise Technologies Inc. purchased a new stake in Trip.com Group during the second quarter worth approximately $371,000. Finally, Allworth Financial LP grew its stake in shares of Trip.com Group by 32.4% in the second quarter. Allworth Financial LP now owns 2,014 shares of the company’s stock valued at $118,000 after buying an additional 493 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Mizuho lifted their target price 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 lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Sanford C. Bernstein upped their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Barclays raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $76.98.

Trip.com Group Trading Down 0.1%

Shares of TCOM opened at $74.52 on Friday. The firm has a market capitalization of $48.68 billion and a price-to-earnings ratio of 20.42. Trip.com Group Limited Sponsored ADR has a 12-month low of $51.35 and a 12-month high of $78.65. The stock’s 50-day moving average price is $73.08 and its 200 day moving average price is $66.16. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07.

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.