Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in Trip.com Group Limited by 8.3%, selling 11,339 shares, and now holds 124,673 shares valued at approximately $7.93 million.
• Several institutions have significantly increased their positions in Trip.com Group, with Mirae Asset Global Investments boosting their stake by 1,609.6%, acquiring over 12 million shares worth approximately $821.5 million.
• Trip.com Group's stock currently has a consensus rating of "Buy" from analysts, with a target price averaging $77.25, reflecting optimism for the company's growth.

B. Metzler seel. Sohn & Co. AG reduced its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,673 shares of the company's stock after selling 11,339 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Trip.com Group were worth $7,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TCOM. Mariner LLC increased its stake in Trip.com Group by 26.8% in the fourth quarter. Mariner LLC now owns 9,184 shares of the company's stock valued at $631,000 after purchasing an additional 1,942 shares during the last quarter. First Trust Advisors LP increased its stake in Trip.com Group by 127.8% during the fourth quarter. First Trust Advisors LP now owns 83,700 shares of the company's stock worth $5,747,000 after acquiring an additional 46,957 shares during the last quarter. MML Investors Services LLC increased its stake in Trip.com Group by 44.0% during the fourth quarter. MML Investors Services LLC now owns 20,345 shares of the company's stock worth $1,397,000 after acquiring an additional 6,219 shares during the last quarter. Stifel Financial Corp increased its stake in Trip.com Group by 28.2% during the fourth quarter. Stifel Financial Corp now owns 22,054 shares of the company's stock worth $1,514,000 after acquiring an additional 4,854 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Trip.com Group by 3.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 128,924 shares of the company's stock worth $8,852,000 after acquiring an additional 4,330 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on TCOM. TD Securities upped their price target 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. Barclays upped their price target on Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday. Bank of America upped their price target 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. Mizuho upped their price target on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Finally, Sanford C. Bernstein upped their price target on Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $76.98.

Trip.com Group Stock Down 3.7%

NASDAQ TCOM traded down $2.76 during mid-day trading on Tuesday, reaching $70.99. 2,153,364 shares of the company's stock traded hands, compared to its average volume of 3,505,393. The company has a market cap of $46.37 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 3.53 and a beta of 0.03. The company has a fifty day simple moving average of $62.59 and a 200-day simple moving average of $61.54. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 1-year low of $46.20 and a 1-year high of $77.18.

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.