Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S has significantly decreased its stake in Trip.com Group, selling 49,870 shares and reducing its position by 73.1% in the first quarter.
• Several institutional investors, including Principal Financial Group and Cerity Partners, have increased their holdings in Trip.com, indicating growing interest in the company.
• Trip.com Group has received "buy" ratings from multiple research firms, with a consensus price target of $77.25, while its shares currently trade around $63.62.

BI Asset Management Fondsmaeglerselskab A S cut its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 73.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,373 shares of the company's stock after selling 49,870 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Trip.com Group were worth $1,168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Trip.com Group by 1,609.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock worth $821,514,000 after buying an additional 12,165,176 shares in the last quarter. Davis Selected Advisers grew its holdings in Trip.com Group by 29.8% in the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock valued at $309,189,000 after purchasing an additional 1,115,836 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Trip.com Group by 1,925.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock valued at $205,057,000 after purchasing an additional 2,839,142 shares during the period. Janus Henderson Group PLC grew its holdings in Trip.com Group by 24.3% in the fourth quarter. Janus Henderson Group PLC now owns 2,412,761 shares of the company's stock valued at $165,686,000 after purchasing an additional 471,768 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Trip.com Group by 48.7% in the first quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company's stock valued at $151,727,000 after purchasing an additional 781,916 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. TD Securities boosted their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Benchmark restated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. Bank of America lifted their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $77.25.

Trip.com Group Stock Down 0.1%

Shares of NASDAQ TCOM traded down $0.06 during trading on Wednesday, reaching $64.87. 1,242,139 shares of the stock were exchanged, compared to its average volume of 3,466,127. The business's 50-day moving average price is $61.37 and its 200 day moving average price is $61.48. Trip.com Group Limited Sponsored ADR has a twelve month low of $46.17 and a twelve month high of $77.18. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $42.38 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 3.16 and a beta of 0.06.

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.