Trip.com Group Limited Sponsored ADR $TCOM Shares Bought by Boston Common Asset Management LLC

Boston Common Asset Management LLC lifted its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 104.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,934 shares of the company’s stock after purchasing an additional 171,358 shares during the period. Trip.com Group comprises 1.2% of Boston Common Asset Management LLC’s portfolio, making the stock its 15th largest position. Boston Common Asset Management LLC owned 0.05% of Trip.com Group worth $24,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TCOM. First Horizon Corp purchased a new stake in Trip.com Group during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its position in Trip.com Group by 601.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after buying an additional 475 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after acquiring an additional 215 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Trip.com Group during the second quarter worth about $71,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of TCOM opened at $49.17 on Tuesday. Trip.com Group Limited Sponsored ADR has a 52 week low of $48.48 and a 52 week high of $78.99. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The firm has a market cap of $32.12 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 3.31 and a beta of -0.15. The stock has a 50 day moving average of $55.31 and a 200-day moving average of $66.22.

Analysts Set New Price Targets

A number of research analysts recently commented on TCOM shares. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Barclays restated an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. TD Cowen cut their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Morgan Stanley restated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

About Trip.com Group

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.