Federated Hermes Inc. Purchases 398,470 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Federated Hermes Inc. increased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 45.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,273,369 shares of the company’s stock after buying an additional 398,470 shares during the period. Federated Hermes Inc. owned 0.19% of Trip.com Group worth $74,670,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of TCOM. Stone House Investment Management LLC bought a new position in shares of Trip.com Group in the 1st quarter worth about $32,000. NewEdge Advisors LLC increased its holdings in Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Trip.com Group by 67.2% in the second quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock valued at $50,000 after buying an additional 342 shares during the period. Finally, Summit Securities Group LLC bought a new position in shares of Trip.com Group during the 1st quarter worth approximately $58,000. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TCOM. Mizuho boosted their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a report on Monday, December 1st. Sanford C. Bernstein increased their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Barclays boosted their target price on Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 19th. Finally, Bank of America increased their price target on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $81.25.

Trip.com Group Trading Up 0.9%

TCOM opened at $71.75 on Monday. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $51.35 and a fifty-two week high of $78.65. The firm has a market capitalization of $46.87 billion, a PE ratio of 11.48, a P/E/G ratio of 2.17 and a beta of -0.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48. The company’s 50-day moving average is $71.57 and its 200 day moving average is $67.14.

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.