VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Stake in Trip.com Group Limited Sponsored ADR $TCOM

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 14,350 shares of the company’s stock, valued at approximately $841,000.

Several other hedge funds have also recently added to or reduced their stakes in TCOM. Stone House Investment Management LLC acquired a new position in Trip.com Group in the 1st quarter valued at $32,000. NewEdge Advisors LLC increased its position in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Trip.com Group during the 1st quarter worth about $58,000. Farther Finance Advisors LLC increased its position in shares of Trip.com Group by 140.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock worth $69,000 after purchasing an additional 687 shares during the last quarter. Finally, Allianz SE increased its position in shares of Trip.com Group by 312.2% during the 1st quarter. Allianz SE now owns 1,150 shares of the company’s stock worth $73,000 after purchasing an additional 871 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Performance

Shares of TCOM opened at $71.08 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The stock has a market capitalization of $46.43 billion, a PE ratio of 19.47, a PEG ratio of 2.72 and a beta of 0.03. The stock has a 50-day simple moving average of $71.78 and a 200-day simple moving average of $64.36.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Mizuho raised their target price on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. 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 note on Friday, August 29th. Finally, 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 note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $76.98.

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.