Fox Run Management L.L.C. Invests $1.62 Million in Trip.com Group Limited Sponsored ADR $TCOM

Fox Run Management L.L.C. acquired a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,485 shares of the company’s stock, valued at approximately $1,616,000.

A number of other institutional investors have also recently added to or reduced their stakes in TCOM. First Horizon Corp acquired a new position in shares of Trip.com Group during the 3rd quarter valued at $27,000. NewEdge Advisors LLC boosted its stake in 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 buying an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 period. First Horizon Advisors Inc. raised its position in Trip.com Group by 67.2% in the second quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock worth $50,000 after acquiring an additional 342 shares in the last quarter. Finally, MAI Capital Management lifted its holdings in Trip.com Group by 14,928.6% in the 2nd quarter. MAI Capital Management now owns 1,052 shares of the company’s stock valued at $62,000 after acquiring an additional 1,045 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Up 1.6%

NASDAQ TCOM opened at $53.77 on Wednesday. The firm’s 50 day moving average price is $64.94 and its two-hundred day moving average price is $68.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. Trip.com Group Limited Sponsored ADR has a twelve month low of $51.35 and a twelve month high of $78.99. The stock has a market cap of $35.13 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 3.74 and a beta of -0.14.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Benchmark boosted their target price on shares of Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Barclays upped their price target on Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a research report on Monday, December 29th. Bank of America lifted their target price on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and an average price target of $81.25.

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.