Acadian Asset Management LLC Sells 962,286 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Acadian Asset Management LLC reduced its holdings in Trip.com Group by 88.2% during the first quarter, selling 962,286 shares and bringing its ownership down to 128,163 shares, valued at approximately $8.15 million.
• Several institutional investors have adjusted their stakes in Trip.com Group, with notable increases including Principal Financial Group and LPL Financial LLC raising their shares by 4.1% and 219.7%, respectively.
• Analysts are optimistic about Trip.com Group, as banks have raised their price targets, with a consensus target price of $76.98 and a general rating of Buy from equities research analysts.

Acadian Asset Management LLC lessened its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 88.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,163 shares of the company's stock after selling 962,286 shares during the quarter. Acadian Asset Management LLC's holdings in Trip.com Group were worth $8,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TCOM. Baird Financial Group Inc. acquired a new stake in shares of Trip.com Group during the 4th quarter worth approximately $382,000. Balyasny Asset Management L.P. acquired a new stake in Trip.com Group in the 4th quarter valued at $655,000. Cetera Investment Advisers boosted its stake in Trip.com Group by 24.2% in the 4th quarter. Cetera Investment Advisers now owns 22,538 shares of the company's stock valued at $1,547,000 after buying an additional 4,386 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Trip.com Group by 35.3% in the 4th quarter. Quantinno Capital Management LP now owns 17,821 shares of the company's stock valued at $1,224,000 after buying an additional 4,648 shares in the last quarter. Finally, Tairen Capital Ltd acquired a new stake in Trip.com Group in the 4th quarter valued at $268,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Price Performance

TCOM traded up $1.73 during trading on Thursday, hitting $78.52. The company's stock had a trading volume of 2,009,009 shares, compared to its average volume of 3,487,258. The firm's 50 day moving average price is $65.98 and its two-hundred day moving average price is $62.43. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 12 month low of $47.04 and a 12 month high of $78.55. The stock has a market capitalization of $51.30 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 3.16 and a beta of 0.03.

Analyst Ratings Changes

Several analysts recently commented on TCOM shares. Sanford C. Bernstein boosted their price target on Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Zacks Research raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Bank of America boosted their price target on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Barclays boosted their price target on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Finally, Mizuho boosted their price target 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. Two analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $76.98.

Trip.com Group 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.