Aberdeen Group plc Trims Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Aberdeen Group plc reduced its stake in Trip.com Group Limited by 92.8% during Q2, selling 375,072 shares, leaving it with 29,081 shares worth approximately $1.7 million.
• Brokerages have raised their price targets for Trip.com Group, with Sanford C. Bernstein and Mizuho setting targets of $78.00 and $81.00 respectively, indicating a generally positive outlook for the stock.
• Trip.com Group's stock is currently trading at $70.14, with a 52-week range between $51.35 and $78.65, and a market capitalization of $45.82 billion.

Aberdeen Group plc lessened its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 92.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,081 shares of the company's stock after selling 375,072 shares during the quarter. Aberdeen Group plc's holdings in Trip.com Group were worth $1,705,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Stone House Investment Management LLC acquired a new stake in shares of Trip.com Group during the first quarter worth approximately $32,000. NewEdge Advisors LLC raised its holdings in 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 acquiring an additional 450 shares in the last quarter. Summit Securities Group LLC bought a new position in Trip.com Group during the 1st quarter valued at $58,000. Farther Finance Advisors LLC grew its holdings in Trip.com Group by 140.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company's stock worth $69,000 after acquiring an additional 687 shares in the last quarter. Finally, Allianz SE increased its position in shares of Trip.com Group by 312.2% in the 1st quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after purchasing an additional 871 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TCOM. Sanford C. Bernstein increased their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Mizuho upped their price objective on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Zacks Research raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $76.98.

Trip.com Group Stock Down 0.1%

Trip.com Group stock opened at $70.14 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group Limited Sponsored ADR has a one year low of $51.35 and a one year high of $78.65. The company has a 50-day simple moving average of $70.91 and a 200-day simple moving average of $64.02. The firm has a market capitalization of $45.82 billion, a P/E ratio of 19.22, a P/E/G ratio of 2.90 and a beta of 0.03.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.

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