Thornburg Investment Management Inc. Has $13.68 Million Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Thornburg Investment Management Inc. increased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 36.5% during the 3rd quarter, Holdings Channel reports. The fund owned 181,913 shares of the company’s stock after buying an additional 48,674 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Trip.com Group were worth $13,680,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. First Horizon Corp acquired a new stake in Trip.com Group in the third quarter worth $27,000. NewEdge Advisors LLC increased its position in shares of Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after buying an additional 215 shares in the last quarter. First Horizon Advisors Inc. raised its stake in 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 lifted its holdings in 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 acquiring an additional 1,045 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TCOM shares. Bank of America boosted their target price on Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Citigroup boosted their price objective on Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Barclays increased their target price on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Trip.com Group in a report on Monday, December 29th. Finally, Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

Trip.com Group Trading Down 0.2%

Trip.com Group stock opened at $53.66 on Thursday. The company has a market cap of $35.05 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 3.79 and a beta of -0.14. The firm has a 50-day moving average of $64.58 and a 200-day moving average of $68.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48. Trip.com Group Limited Sponsored ADR has a one year low of $51.35 and a one year high of $78.99.

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.