TD Asset Management Inc Purchases 4,511 Shares of Trip.com Group Limited Sponsored ADR $TCOM

TD Asset Management Inc grew its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 15.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 33,789 shares of the company’s stock after buying an additional 4,511 shares during the quarter. TD Asset Management Inc’s holdings in Trip.com Group were worth $1,981,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in Trip.com Group by 0.7% during the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company’s stock worth $1,444,000 after buying an additional 166 shares during the last quarter. Blair William & Co. IL grew its stake in Trip.com Group by 3.9% during the second quarter. Blair William & Co. IL now owns 5,398 shares of the company’s stock worth $317,000 after buying an additional 205 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Trip.com Group by 4.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,032 shares of the company’s stock worth $354,000 after buying an additional 235 shares during the last quarter. Prudential PLC grew its stake in Trip.com Group by 2.1% during the first quarter. Prudential PLC now owns 11,897 shares of the company’s stock worth $756,000 after buying an additional 244 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in Trip.com Group by 4.7% during the first quarter. Baird Financial Group Inc. now owns 5,828 shares of the company’s stock worth $371,000 after buying an additional 261 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

TCOM has been the topic of several research analyst reports. Zacks Research raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Mizuho increased their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Barclays increased their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein increased their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Trip.com Group currently has a consensus rating of “Buy” and a consensus target price of $76.98.

Trip.com Group Price Performance

Shares of TCOM stock opened at $71.35 on Wednesday. Trip.com Group Limited Sponsored ADR has a 52-week low of $51.35 and a 52-week high of $78.65. The stock has a market cap of $46.61 billion, a PE ratio of 19.55, a PEG ratio of 2.95 and a beta of 0.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The firm’s 50 day moving average price is $71.38 and its two-hundred day moving average price is $64.20.

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.