Trip.com Group Limited Sponsored ADR $TCOM Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. boosted its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 19.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 209,805 shares of the company’s stock after purchasing an additional 34,535 shares during the quarter. Trip.com Group comprises 0.8% of U S Global Investors Inc.’s portfolio, making the stock its 29th biggest position. U S Global Investors Inc.’s holdings in Trip.com Group were worth $8,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TCOM. Perseverance Asset Management International purchased a new stake in shares of Trip.com Group in the 1st quarter valued at $33,608,000. ABN Amro Investment Solutions increased its stake in shares of Trip.com Group by 91.5% in the first quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock worth $24,595,000 after acquiring an additional 235,997 shares during the period. C WorldWide Group Holding A S increased its stake in shares of Trip.com Group by 2.1% in the second quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock worth $24,447,000 after acquiring an additional 12,463 shares during the period. Sei Investments Co. raised its holdings in shares of Trip.com Group by 24.8% during the first quarter. Sei Investments Co. now owns 370,430 shares of the company’s stock worth $18,444,000 after purchasing an additional 73,650 shares during the last quarter. Finally, Ardmore Road Asset Management LP purchased a new position in shares of Trip.com Group during the first quarter worth $14,937,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TCOM. HSBC downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Barclays cut their price target on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Citigroup cut their price target on Trip.com Group from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. China Renaissance reiterated a “hold” rating and set a $42.00 price objective on shares of Trip.com Group in a research note on Thursday, July 2nd. Finally, Bank of America restated a “buy” rating on shares of Trip.com Group in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.45.

Trip.com Group Stock Up 0.7%

TCOM opened at $39.57 on Friday. Trip.com Group Limited Sponsored ADR has a 52-week low of $37.58 and a 52-week high of $78.99. The company has a market cap of $25.70 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 3.20 and a beta of -0.04. The firm’s fifty day simple moving average is $41.13 and its two-hundred day simple moving average is $45.23.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Friday, August 14th. The company reported $1.07 earnings per share for the quarter. The business had revenue of $2.31 billion for the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. On average, research analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.07 EPS for the current year.

Trip.com Group Company Profile

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.