Faithward Advisors LLC Purchases New Shares in Trip.com Group Limited Sponsored ADR $TCOM

Faithward Advisors LLC purchased a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOMFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,370 shares of the company’s stock, valued at approximately $3,788,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TCOM. Coldstream Capital Management Inc. boosted its holdings in shares of Trip.com Group by 93.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 9,843 shares of the company’s stock valued at $740,000 after buying an additional 4,764 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 worth $42,000 after acquiring an additional 475 shares in the last quarter. United Capital Financial Advisors LLC purchased a new position in Trip.com Group during the 3rd quarter valued at about $205,000. Voloridge Investment Management LLC purchased a new position in Trip.com Group during the 3rd quarter valued at about $48,273,000. Finally, Sig Brokerage LP bought a new stake in Trip.com Group during the third quarter worth about $225,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Key Stories Impacting Trip.com Group

Here are the key news stories impacting Trip.com Group this week:

Trip.com Group Stock Performance

Shares of TCOM opened at $52.41 on Wednesday. The business’s fifty day simple moving average is $58.80 and its two-hundred day simple moving average is $67.62. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 12 month low of $49.48 and a 12 month high of $78.99. The company has a market cap of $34.24 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 3.58 and a beta of -0.15.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TCOM. Citigroup raised their target price on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Benchmark dropped their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Bank of America upped their price target on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Barclays reaffirmed an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, Weiss Ratings cut Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Trip.com Group currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Read Our Latest Stock Report on Trip.com Group

About Trip.com Group

(Free Report)

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.

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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