Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Stock Holdings Reduced by Assetmark Inc.

Key Points

• Assetmark Inc. reduced its holdings in Trip.com Group by 20%, owning 48,012 shares worth approximately $3.05 million after selling 12,027 shares in Q1.
• The stock was downgraded to a "hold" rating by Wall Street Zen, while several firms upgraded their ratings and raised price targets, indicating mixed investor sentiment.
• Shares of Trip.com Group are currently trading at around $63.13, with strong performance metrics including a market cap of $41.24 billion and a 12-month price range of $38.23 to $77.18.

Assetmark Inc. trimmed its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 20.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,012 shares of the company's stock after selling 12,027 shares during the quarter. Assetmark Inc.'s holdings in Trip.com Group were worth $3,053,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in Trip.com Group by 0.7% in the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock worth $1,444,000 after acquiring an additional 166 shares in the last quarter. Ping Capital Management Inc. purchased a new position in Trip.com Group during the first quarter worth about $229,000. Jennison Associates LLC raised its holdings in shares of Trip.com Group by 0.5% in the 1st quarter. Jennison Associates LLC now owns 828,765 shares of the company's stock worth $52,693,000 after purchasing an additional 3,875 shares during the period. Bridgewater Advisors Inc. purchased a new position in shares of Trip.com Group in the 1st quarter worth about $224,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Trip.com Group by 42.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 9,599 shares of the company's stock valued at $610,000 after buying an additional 2,855 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

NASDAQ:TCOM traded down $1.32 during midday trading on Friday, reaching $60.63. 2,202,190 shares of the company traded hands, compared to its average volume of 2,339,151. The company has a fifty day moving average price of $61.23 and a 200 day moving average price of $62.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $39.61 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 2.97 and a beta of 0.06. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.23 and a twelve month high of $77.18.

Analyst Ratings Changes

A number of brokerages have weighed in on TCOM. Bank of America raised their price objective 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. Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, TD Securities lifted their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $77.25.

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.