10,271 Shares in Trip.com Group Limited Sponsored ADR $TCOM Purchased by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. purchased a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,271 shares of the company’s stock, valued at approximately $772,000.

A number of other large investors have also recently added to or reduced their stakes in TCOM. Royal Bank of Canada grew its position in shares of 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 purchasing an additional 6,062 shares during the last quarter. NewEdge Advisors LLC grew 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 valued at $36,000 after purchasing an additional 450 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Trip.com Group by 332.5% during 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 buying an additional 30,819 shares during the last quarter. Yousif Capital Management LLC increased its stake in Trip.com Group by 4.9% during the second quarter. Yousif Capital Management LLC now owns 10,776 shares of the company’s stock worth $632,000 after acquiring an additional 505 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Trip.com Group during the 2nd quarter worth approximately $841,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays raised their price objective 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Benchmark boosted their target price on shares of Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, Citigroup upped their target price on Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, Trip.com Group has a consensus rating of “Buy” and an average price target of $81.25.

Trip.com Group Stock Down 2.3%

Shares of TCOM stock opened at $55.34 on Friday. 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 business’s fifty day moving average is $65.98 and its 200-day moving average is $68.95. 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 cap of $36.15 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 4.00 and a beta of -0.14.

Trip.com Group Company 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.