Mizuho Securities Co. Ltd. Acquires Shares of 63,365 Trip.com Group Limited Sponsored ADR $TCOM

Mizuho Securities Co. Ltd. acquired a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 63,365 shares of the company’s stock, valued at approximately $4,765,000. Trip.com Group accounts for 32.6% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. ARGA Investment Management LP boosted its position in Trip.com Group by 41.2% during the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock worth $354,426,000 after purchasing an additional 1,763,562 shares in the last quarter. Norges Bank purchased a new stake in shares of Trip.com Group in the 2nd quarter worth about $45,205,000. Cantillon Capital Management LLC boosted its position in shares of Trip.com Group by 14.6% in the 2nd quarter. Cantillon Capital Management LLC now owns 4,097,251 shares of the company’s stock worth $240,263,000 after buying an additional 520,438 shares in the last quarter. Federated Hermes Inc. grew its stake in Trip.com Group by 45.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,273,369 shares of the company’s stock valued at $74,670,000 after acquiring an additional 398,470 shares during the last quarter. Finally, Ardmore Road Asset Management LP purchased a new position in Trip.com Group during the 2nd quarter valued at about $20,524,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TCOM. Citigroup increased their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Bank of America raised their price target on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Benchmark increased their price objective on Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a research report on Monday, December 29th. Finally, Barclays upped their target price on shares of Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $81.25.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $60.47 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $39.50 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 2.06 and a beta of -0.13. Trip.com Group Limited Sponsored ADR has a one year low of $51.35 and a one year high of $78.99. The company has a 50 day moving average price of $71.18 and a 200 day moving average price of $69.57.

About Trip.com Group

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.