Allspring Global Investments Holdings LLC Has $84.56 Million Stock Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Allspring Global Investments Holdings LLC trimmed its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,338,530 shares of the company's stock after selling 101,754 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.21% of Trip.com Group worth $84,555,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Baird Financial Group Inc. purchased a new position in shares of Trip.com Group in the 4th quarter valued at $382,000. SG Americas Securities LLC acquired a new position in shares of Trip.com Group during the first quarter worth about $432,000. Vise Technologies Inc. purchased a new stake in shares of Trip.com Group during the 4th quarter valued at about $906,000. Raymond James Financial Inc. purchased a new position in Trip.com Group in the 4th quarter worth approximately $4,192,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Trip.com Group in the fourth quarter valued at approximately $8,297,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TCOM shares. Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Bank of America boosted their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Benchmark reissued a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, May 20th. Finally, TD Securities increased their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded up $0.17 during midday trading on Wednesday, reaching $59.14. 1,238,324 shares of the company's stock were exchanged, compared to its average volume of 3,703,001. The company's 50 day simple moving average is $61.09 and its two-hundred day simple moving average is $63.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $38.63 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 2.77 and a beta of 0.07. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.23 and a 12 month high of $77.18.

About Trip.com Group

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.