Federated Hermes Inc. Boosts Stake in Trip.com Group Limited Sponsored ADR $TCOM

Federated Hermes Inc. grew its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 19.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,523,068 shares of the company’s stock after purchasing an additional 249,699 shares during the period. Federated Hermes Inc. owned approximately 0.23% of Trip.com Group worth $114,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TCOM. Royal Bank of Canada lifted its position in Trip.com Group by 22.9% in the first quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock valued at $2,068,000 after buying an additional 6,062 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Trip.com Group by 332.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after acquiring an additional 30,819 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Trip.com Group by 4.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,032 shares of the company’s stock worth $354,000 after purchasing an additional 235 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Trip.com Group by 140.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock valued at $69,000 after purchasing an additional 687 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Performance

Shares of TCOM opened at $62.40 on Thursday. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.99. The stock has a market capitalization of $40.76 billion, a PE ratio of 9.98, a PEG ratio of 2.22 and a beta of -0.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a 50-day simple moving average of $69.96 and a 200-day simple moving average of $69.57.

Analysts Set New Price Targets

TCOM has been the subject of several research analyst reports. Bank of America raised their price target on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Benchmark boosted their price target on shares of Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Barclays increased their price target on shares of Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Trip.com Group in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $81.25.

Trip.com Group Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.