New York State Common Retirement Fund Has $53.54 Million Holdings in Trip.com Group Limited Sponsored ADR $TCOM

New York State Common Retirement Fund lifted its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 74.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 712,021 shares of the company’s stock after acquiring an additional 303,600 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of Trip.com Group worth $53,544,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. First Horizon Corp bought a new stake in Trip.com Group during the third quarter worth approximately $27,000. NewEdge Advisors LLC raised its position in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after buying an additional 215 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Trip.com Group by 67.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock worth $50,000 after buying an additional 342 shares during the period. Finally, MAI Capital Management boosted its holdings in shares of Trip.com Group by 14,928.6% during the 2nd 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. 35.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Trip.com Group in a research report on Monday, December 29th. Benchmark boosted their price objective on Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Citigroup increased their target price on Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, Bank of America upped 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. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $81.25.

Trip.com Group Stock Performance

TCOM opened at $62.02 on Friday. The stock’s 50 day simple moving average is $69.81 and its 200-day simple moving average is $69.51. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The stock has a market cap of $40.52 billion, a PE ratio of 9.92, a P/E/G ratio of 4.40 and a beta of -0.13. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.99.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.