Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $215,000 in Trip.com Group Limited Sponsored ADR $TCOM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the 2nd quarter, HoldingsChannel reports. The fund purchased 3,659 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors have also bought and sold shares of TCOM. Mirae Asset Global Investments Co. Ltd. boosted its stake in Trip.com Group by 1,609.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company’s stock valued at $821,514,000 after buying an additional 12,165,176 shares in the last quarter. Davis Selected Advisers boosted its stake in Trip.com Group by 29.8% in the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock valued at $309,189,000 after buying an additional 1,115,836 shares in the last quarter. National Bank of Canada FI boosted its stake in Trip.com Group by 220,646.1% in the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company’s stock valued at $64,842,000 after buying an additional 1,019,385 shares in the last quarter. Voya Investment Management LLC boosted its stake in Trip.com Group by 41.4% in the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock valued at $189,428,000 after buying an additional 872,630 shares in the last quarter. Finally, Temasek Holdings Private Ltd acquired a new stake in Trip.com Group in the 1st quarter valued at $54,568,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analysts Set New Price Targets

TCOM has been the topic of several recent analyst reports. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Mizuho boosted their price target on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Sanford C. Bernstein lifted their price objective on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a research report on Saturday, September 27th. Finally, Barclays lifted their price objective on Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.98.

Trip.com Group Trading Up 0.3%

TCOM stock opened at $71.62 on Wednesday. The company has a market cap of $46.79 billion, a P/E ratio of 19.62, a PEG ratio of 2.95 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a twelve month low of $51.35 and a twelve month high of $78.65. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $69.44 and a 200-day moving average of $63.64.

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.