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 position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,818,159 shares of the company's stock after selling 46,088 shares during the quarter. Ameriprise Financial Inc. owned 0.28% of Trip.com Group worth $115,604,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TCOM. Stone House Investment Management LLC acquired a new stake in shares of Trip.com Group in the first quarter valued at about $32,000. Summit Securities Group LLC acquired a new stake in shares of Trip.com Group in the first quarter valued at about $58,000. Allianz SE increased its stake in shares of Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after buying an additional 871 shares during the period. Brooklyn Investment Group increased its stake in shares of 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Trip.com Group by 28.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after buying an additional 360 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Up 14.9%

Trip.com Group stock traded up $9.74 during mid-day trading on Thursday, reaching $75.03. The stock had a trading volume of 8,963,347 shares, compared to its average volume of 3,510,833. 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 Limited Sponsored ADR has a fifty-two week low of $46.20 and a fifty-two week high of $77.18. The stock's 50-day simple moving average is $61.54 and its 200-day simple moving average is $61.51. The firm has a market capitalization of $49.01 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 3.11 and a beta of 0.06.

Analysts Set New Price Targets

TCOM has been the subject of several recent research reports. Mizuho increased 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. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. TD Securities raised their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Bank of America raised their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has an average rating of "Buy" and an average price target of $77.53.

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.