Ameriprise Financial Inc. Sells 46,088 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Ameriprise Financial Inc. has reduced its stake in Trip.com Group Limited by 2.5%, now holding 1,818,159 shares valued at approximately $115.6 million.
• Analysts maintain a positive outlook on Trip.com Group, with a consensus rating of "Buy" and an average price target of $77.25.
• Institutional investors own 35.41% of Trip.com Group, highlighting strong institutional interest in the stock.

Ameriprise Financial Inc. cut its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,818,159 shares of the company's stock after selling 46,088 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.28% of Trip.com Group worth $115,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TCOM. Stone House Investment Management LLC bought a new position in shares of Trip.com Group in the first quarter worth about $32,000. Summit Securities Group LLC acquired a new position in Trip.com Group during the 1st quarter worth approximately $58,000. Allianz SE lifted its stake in Trip.com Group by 312.2% in the 1st quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after purchasing an additional 871 shares during the last quarter. Brooklyn Investment Group boosted its position in Trip.com Group by 239.5% in the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock valued at $78,000 after buying an additional 867 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Trip.com Group by 28.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock worth $104,000 after buying an additional 360 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TCOM. Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Bank of America upped their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. TD Securities lifted their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Sanford C. Bernstein upped their price objective on Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Mizuho raised their price objective on shares of Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $76.98.

Trip.com Group Trading Down 1.7%

Trip.com Group stock traded down $1.28 during trading hours on Friday, reaching $73.75. 4,246,337 shares of the company's stock were exchanged, compared to its average volume of 3,424,855. The firm's 50 day simple moving average is $62.27 and its 200 day simple moving average is $61.56. Trip.com Group Limited Sponsored ADR has a twelve month low of $46.20 and a twelve month high of $77.18. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $48.18 billion, a PE ratio of 20.21, a PEG ratio of 3.53 and a beta of 0.06.

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.