New York State Common Retirement Fund Acquires 303,600 Shares of Trip.com Group Limited Sponsored ADR $TCOM

New York State Common Retirement Fund increased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 74.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 712,021 shares of the company’s stock after buying an additional 303,600 shares during the quarter. New York State Common Retirement Fund’s holdings in Trip.com Group were worth $53,544,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Trip.com Group by 22.9% in the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock valued at $2,068,000 after purchasing an additional 6,062 shares during the period. NewEdge Advisors LLC boosted its stake in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Trip.com Group by 332.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock valued at $2,549,000 after acquiring an additional 30,819 shares during the period. Wealth Enhancement Advisory Services LLC raised 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 acquiring an additional 235 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Trip.com Group by 140.2% during the second quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock valued at $69,000 after acquiring an additional 687 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Performance

TCOM stock opened at $62.02 on Friday. The company has a 50 day moving average price of $69.81 and a 200 day moving average price of $69.51. 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 debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $40.52 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 4.40 and a beta of -0.13.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TCOM. Zacks Research upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Citigroup lifted their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Bank of America raised their price objective on shares of Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Benchmark boosted their target price on Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat, Trip.com Group presently has an average rating of “Buy” and an average price target of $81.25.

Trip.com Group 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.