Citigroup Inc. Raises Stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Citigroup Inc. increased its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 18.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 309,480 shares of the company’s stock after buying an additional 48,046 shares during the period. Citigroup Inc.’s holdings in Trip.com Group were worth $19,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz SE lifted its holdings in shares of Trip.com Group by 312.2% in the 1st quarter. Allianz SE now owns 1,150 shares of the company’s stock worth $73,000 after buying an additional 871 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Trip.com Group by 28.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company’s stock valued at $104,000 after purchasing an additional 360 shares in the last quarter. GAMMA Investing LLC grew its stake in Trip.com Group by 6,259.0% in the first quarter. GAMMA Investing LLC now owns 2,480 shares of the company’s stock valued at $158,000 after purchasing an additional 2,441 shares during the last quarter. CWM LLC raised its holdings in Trip.com Group by 15.0% in the first quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $179,000 after purchasing an additional 366 shares in the last quarter. Finally, Natixis raised its holdings in Trip.com Group by 13.1% in the fourth quarter. Natixis now owns 2,703 shares of the company’s stock worth $186,000 after purchasing an additional 313 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

TCOM has been the topic of a number of recent analyst reports. TD Securities raised their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Mizuho raised shares of Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. Bank of America upped their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Wall Street Zen cut Trip.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group has a consensus rating of “Buy” and a consensus target price of $77.25.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $61.86 on Thursday. Trip.com Group Limited Sponsored ADR has a 52 week low of $40.71 and a 52 week high of $77.18. The business’s 50 day moving average price is $60.91 and its 200 day moving average price is $61.98. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The firm has a market cap of $40.41 billion, a P/E ratio of 17.93, a P/E/G ratio of 2.84 and a beta of 0.06.

Trip.com Group Profile

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.