CIBC Bancorp USA Inc. Invests $56.98 Million in Trip.com Group Limited Sponsored ADR $TCOM

CIBC Bancorp USA Inc. purchased a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOMFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 757,695 shares of the company’s stock, valued at approximately $56,979,000. CIBC Bancorp USA Inc. owned 0.12% of Trip.com Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of TCOM. First Horizon Corp acquired a new position in Trip.com Group during the 3rd quarter valued at about $27,000. NewEdge Advisors LLC lifted its stake 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 worth $36,000 after acquiring 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 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after acquiring an additional 215 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after acquiring an additional 475 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in shares of Trip.com Group by 14,928.6% in the second quarter. MAI Capital Management now owns 1,052 shares of the company’s stock valued at $62,000 after acquiring an additional 1,045 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Key Headlines Impacting Trip.com Group

Here are the key news stories impacting Trip.com Group this week:

Wall Street Analyst Weigh In

TCOM has been the subject of a number of research analyst reports. Citigroup upped their target price on Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Morgan Stanley restated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Benchmark lowered their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Read Our Latest Report on Trip.com Group

Trip.com Group Price Performance

NASDAQ TCOM opened at $52.41 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 1 year low of $49.48 and a 1 year high of $78.99. The company has a market cap of $34.24 billion, a PE ratio of 7.82, a PEG ratio of 3.58 and a beta of -0.15. The stock’s 50-day moving average price is $58.80 and its two-hundred day moving average price is $67.62.

Trip.com Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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