XTX Topco Ltd Invests $3.04 Million in Trip.com Group Limited Sponsored ADR $TCOM

XTX Topco Ltd acquired a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 51,759 shares of the company’s stock, valued at approximately $3,035,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its holdings in Trip.com Group by 725.9% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,079 shares of the company’s stock worth $298,000 after purchasing an additional 4,464 shares during the last quarter. MAI Capital Management increased its position in shares of Trip.com Group by 14,928.6% during the second quarter. MAI Capital Management now owns 1,052 shares of the company’s stock worth $62,000 after buying an additional 1,045 shares during the period. Frank Rimerman Advisors LLC raised its stake in Trip.com Group by 1.7% during the second quarter. Frank Rimerman Advisors LLC now owns 10,958 shares of the company’s stock worth $643,000 after buying an additional 185 shares during the last quarter. Creative Planning lifted its holdings in Trip.com Group by 4.6% in the second quarter. Creative Planning now owns 27,582 shares of the company’s stock valued at $1,617,000 after buying an additional 1,215 shares during the period. Finally, Davis Selected Advisers boosted its position in Trip.com Group by 1.8% during the second quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock valued at $290,237,000 after acquiring an additional 86,471 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays lifted their price objective on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Bank of America increased their price target on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Citigroup raised their price objective on shares of Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Trip.com Group Stock Up 0.2%

Shares of NASDAQ:TCOM opened at $70.30 on Wednesday. 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 Limited Sponsored ADR has a 52-week low of $51.35 and a 52-week high of $78.65. The business’s 50 day simple moving average is $72.63 and its two-hundred day simple moving average is $66.84. The firm has a market cap of $45.92 billion and a P/E ratio of 19.26.

Trip.com Group Company 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.