American Century Companies Inc. Sells 11,907 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

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American Century Companies Inc. cut its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 0.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,246,124 shares of the company's stock after selling 11,907 shares during the period. American Century Companies Inc. owned approximately 0.19% of Trip.com Group worth $79,229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Trip.com Group by 4.1% during the first quarter. Principal Financial Group Inc. now owns 257,077 shares of the company's stock worth $16,345,000 after purchasing an additional 10,124 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Trip.com Group during the first quarter worth $690,000. Cerity Partners LLC raised its position in shares of Trip.com Group by 57.8% during the first quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock worth $1,377,000 after purchasing an additional 7,929 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of Trip.com Group during the fourth quarter worth $382,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Trip.com Group during the first quarter worth $432,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TCOM. Bank of America upped their price target on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Benchmark reissued a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. TD Securities upped their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Finally, Mizuho raised Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, Trip.com Group currently has an average rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Stock Down 2.6%

Shares of TCOM traded down $1.68 during trading hours on Wednesday, hitting $63.18. 2,384,113 shares of the company were exchanged, compared to its average volume of 2,877,197. The company has a market cap of $41.27 billion, a PE ratio of 19.83, a PEG ratio of 3.11 and a beta of 0.06. The firm's 50 day moving average is $60.98 and its 200-day moving average is $61.67. Trip.com Group Limited Sponsored ADR has a 52 week low of $41.86 and a 52 week high of $77.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46.

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.