Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Axiom Investors LLC DE

Key Points

• Axiom Investors LLC DE has reduced its stake in Trip.com Group by 16.0%, selling 180,700 shares and now holding 950,300 shares valued at approximately $60.42 million.
• Several large institutional investors, including Allianz SE and Brooklyn Investment Group, have increased their stakes significantly in Trip.com Group during the first quarter.
• Analysts are optimistic about Trip.com Group, with recent target price increases from multiple firms, resulting in a consensus target of $76.98 and a majority rating of "Buy".

Axiom Investors LLC DE lessened its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 950,300 shares of the company's stock after selling 180,700 shares during the quarter. Axiom Investors LLC DE owned about 0.15% of Trip.com Group worth $60,420,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TCOM. Stone House Investment Management LLC purchased a new stake in shares of Trip.com Group during the 1st quarter valued at approximately $32,000. Summit Securities Group LLC purchased a new stake in shares of Trip.com Group during the 1st quarter valued at approximately $58,000. Allianz SE raised its position in 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 purchasing an additional 871 shares during the period. Brooklyn Investment Group raised 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 purchasing an additional 867 shares during the period. Finally, SVB Wealth LLC purchased a new stake in Trip.com Group in the first quarter valued at approximately $78,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Down 1.6%

Shares of NASDAQ:TCOM traded down $1.18 during trading on Friday, hitting $73.66. The company's stock had a trading volume of 284,480 shares, compared to its average volume of 3,486,723. The business has a 50 day moving average price of $64.80 and a two-hundred day moving average price of $61.93. The company has a market capitalization of $48.12 billion, a PE ratio of 20.19, a P/E/G ratio of 2.99 and a beta of 0.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $46.20 and a fifty-two week high of $77.18.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Securities boosted their target price 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. Zacks Research raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Mizuho boosted their target price on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Sanford C. Bernstein boosted their target price on Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Barclays boosted their target price on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $76.98.

Trip.com Group 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.