According to Zacks, “Trip.com Group Limited is a one-stop travel service company. Its service consists of Trip.com, Ctrip, Skyscanner and Qunar. The company’s platform includes mobile apps, Internet websites and 24/7 customer service centers. Trip.com Group Limited, formerly known as Ctrip.com International Ltd., is based in Shanghai, the People’s Republic of China. “
Several other brokerages have also recently issued reports on TCOM. Mizuho lifted their price target on Trip.com Group from $45.00 to $50.00 and gave the company a buy rating in a research report on Wednesday, May 19th. BTIG Research reiterated a hold rating on shares of Trip.com Group in a research report on Wednesday, June 23rd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Trip.com Group currently has an average rating of Buy and a consensus price target of $43.77.
Several institutional investors have recently modified their holdings of TCOM. Morgan Stanley boosted its position in shares of Trip.com Group by 20.9% in the first quarter. Morgan Stanley now owns 43,922,168 shares of the company’s stock worth $1,740,636,000 after buying an additional 7,597,777 shares during the period. Bank of Montreal Can boosted its position in shares of Trip.com Group by 4,951.3% in the second quarter. Bank of Montreal Can now owns 6,952,541 shares of the company’s stock worth $252,377,000 after buying an additional 6,814,903 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Trip.com Group by 20.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 33,766,750 shares of the company’s stock worth $1,197,369,000 after buying an additional 5,774,761 shares during the period. Amundi acquired a new stake in shares of Trip.com Group in the second quarter worth $95,199,000. Finally, Capital International Investors boosted its position in shares of Trip.com Group by 27.8% in the first quarter. Capital International Investors now owns 11,362,279 shares of the company’s stock worth $450,285,000 after buying an additional 2,473,515 shares during the period. 69.03% of the stock is owned by institutional investors and hedge funds.
About Trip.com Group
Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.
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