Vise Technologies Inc. Invests $371,000 in Trip.com Group Limited Sponsored ADR $TCOM

Vise Technologies Inc. purchased a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 6,329 shares of the company’s stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its stake in shares of Trip.com Group by 0.7% in the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company’s stock worth $1,444,000 after purchasing an additional 166 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in Trip.com Group by 2.1% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 8,934 shares of the company’s stock worth $524,000 after acquiring an additional 184 shares during the last quarter. Blair William & Co. IL grew its stake in shares of 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 acquiring an additional 205 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Trip.com Group by 4.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,032 shares of the company’s stock valued at $354,000 after purchasing an additional 235 shares during the last quarter. Finally, Prudential PLC lifted its position in shares of Trip.com Group by 2.1% during the first quarter. Prudential PLC now owns 11,897 shares of the company’s stock valued at $756,000 after purchasing an additional 244 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TCOM shares. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Sanford C. Bernstein boosted their price objective on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Barclays upped 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, Mizuho boosted their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and an average price target of $76.98.

Trip.com Group Trading Down 3.3%

Shares of TCOM opened at $72.03 on Friday. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $51.35 and a fifty-two week high of $78.65. The business has a 50-day moving average of $73.06 and a 200 day moving average of $66.30. The firm has a market cap of $47.06 billion and a P/E ratio of 19.73. 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 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.