Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S lowered its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 14.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 733,362 shares of the company’s stock after selling 119,471 shares during the quarter. Trip.com Group comprises approximately 0.8% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 20th largest holding. C WorldWide Group Holding A S’s holdings in Trip.com Group were worth $55,149,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First Horizon Corp purchased a new stake in shares of Trip.com Group during the third quarter valued at $27,000. NewEdge Advisors LLC raised its stake 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 worth $36,000 after purchasing an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after buying an additional 215 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Trip.com Group by 67.2% in 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 raised its position in 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 last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TCOM shares. Benchmark upped their price objective on shares of Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Citigroup boosted their target price 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 increased 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. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Finally, Barclays raised their target price on Trip.com Group from $85.00 to $90.00 and gave the stock 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 given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $81.25.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $57.39 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. Trip.com Group Limited Sponsored ADR has a 12-month low of $51.35 and a 12-month high of $78.99. The business’s 50 day moving average is $69.03 and its two-hundred day moving average is $69.49. The company has a market capitalization of $37.49 billion, a P/E ratio of 9.18, a P/E/G ratio of 4.27 and a beta of -0.14.

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.