B. Metzler seel. Sohn & Co. AG Sells 11,339 Shares of Trip.com Group Limited Sponsored ADR $TCOM

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 decreased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 8.3% during the 1st quarter, according to its most recent 13F filing with the Securities & 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 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Trip.com Group by 1,609.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock worth $821,514,000 after purchasing an additional 12,165,176 shares during the last quarter. Davis Selected Advisers increased its position in shares of Trip.com Group by 29.8% during the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock worth $309,189,000 after purchasing an additional 1,115,836 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Trip.com Group by 1,925.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock worth $205,057,000 after purchasing an additional 2,839,142 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Trip.com Group by 24.3% during the 4th quarter. Janus Henderson Group PLC now owns 2,412,761 shares of the company's stock worth $165,686,000 after purchasing an additional 471,768 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Trip.com Group by 48.7% during the 1st quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company's stock worth $151,727,000 after purchasing an additional 781,916 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Up 0.6%

TCOM stock opened at $65.29 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $42.65 billion, a PE ratio of 18.92, a PEG ratio of 3.11 and a beta of 0.06. Trip.com Group Limited Sponsored ADR has a 1-year low of $46.17 and a 1-year high of $77.18. The business's 50 day simple moving average is $61.54 and its 200 day simple moving average is $61.51.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TCOM shares. Mizuho raised Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Bank of America boosted their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. Finally, TD Securities boosted their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus 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.

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