PDS Planning Inc Buys Shares of 4,092 Trip.com Group Limited Sponsored ADR $TCOM

PDS Planning Inc bought a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,092 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TCOM. Cetera Investment Advisers lifted its holdings in shares of Trip.com Group by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company’s stock valued at $1,444,000 after buying an additional 166 shares during the last quarter. Blair William & Co. IL lifted its holdings in Trip.com Group by 3.9% in the 2nd quarter. Blair William & Co. IL now owns 5,398 shares of the company’s stock worth $317,000 after purchasing an additional 205 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Trip.com Group by 4.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,032 shares of the company’s stock worth $354,000 after purchasing an additional 235 shares during the last quarter. Prudential PLC lifted its holdings in Trip.com Group by 2.1% in the 1st quarter. Prudential PLC now owns 11,897 shares of the company’s stock worth $756,000 after purchasing an additional 244 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Trip.com Group by 4.7% in the 1st quarter. Baird Financial Group Inc. now owns 5,828 shares of the company’s stock worth $371,000 after purchasing an additional 261 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TCOM. Mizuho boosted their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Sanford C. Bernstein boosted their target price on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays boosted their target price on Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $76.98.

Trip.com Group Stock Down 1.4%

Shares of TCOM stock opened at $70.08 on Monday. Trip.com Group Limited Sponsored ADR has a 12 month low of $51.35 and a 12 month high of $78.65. The firm has a market cap of $45.78 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.89 and a beta of 0.03. The stock has a 50 day moving average of $70.01 and a 200-day moving average of $63.78. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07.

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.