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

U S Global Investors Inc. raised its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 11.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,738 shares of the company’s stock after acquiring an additional 13,745 shares during the quarter. Trip.com Group accounts for about 0.9% of U S Global Investors Inc.’s holdings, making the stock its 24th biggest position. U S Global Investors Inc.’s holdings in Trip.com Group were worth $7,901,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Stone House Investment Management LLC acquired a new position in shares of Trip.com Group during the 1st quarter worth $32,000. NewEdge Advisors LLC raised its stake 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 buying an additional 450 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Trip.com Group during the 1st quarter worth $58,000. Allianz SE raised its stake 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 buying an additional 871 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake 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 buying an additional 687 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Trading Down 1.4%

Shares of TCOM stock opened at $70.08 on Friday. The firm has a 50-day moving average price of $70.01 and a 200 day moving average price of $63.79. 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 market capitalization of $45.78 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.93 and a beta of 0.03. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

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