Mizuho Securities Co. Ltd. Takes $4.77 Million Position in Trip.com Group Limited Sponsored ADR $TCOM

Mizuho Securities Co. Ltd. purchased a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 63,365 shares of the company’s stock, valued at approximately $4,765,000. Trip.com Group makes up approximately 32.6% of Mizuho Securities Co. Ltd.’s holdings, making the stock its largest holding.

Several other institutional investors also recently bought and sold shares of the business. First Horizon Corp purchased a new position in shares of Trip.com Group in the 3rd quarter valued at $27,000. NewEdge Advisors LLC lifted 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 worth $36,000 after purchasing an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after buying an additional 215 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Trip.com Group by 67.2% in the second quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock valued at $50,000 after buying an additional 342 shares in the last quarter. Finally, MAI Capital Management lifted its position in Trip.com Group by 14,928.6% during the 2nd quarter. MAI Capital Management now owns 1,052 shares of the company’s stock worth $62,000 after acquiring an additional 1,045 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TCOM has been the subject of several analyst reports. Citigroup upped 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 raised their target price on Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Barclays lifted their target price on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 19th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $81.25.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $60.47 on Wednesday. The company has a market cap of $39.50 billion, a PE ratio of 9.68, a P/E/G ratio of 2.06 and a beta of -0.13. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $51.35 and a fifty-two week high of $78.99. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $71.18 and a 200 day simple moving average of $69.57.

Trip.com Group Company Profile

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.