BOCHK Asset Management Ltd reduced its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 80.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,500 shares of the company's stock after selling 10,500 shares during the quarter. BOCHK Asset Management Ltd's holdings in Trip.com Group were worth $159,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. National Bank of Canada FI grew its stake in shares of Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after purchasing an additional 321 shares during the period. Rakuten Securities Inc. grew its position in Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after buying an additional 449 shares during the period. Farther Finance Advisors LLC grew its position in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after buying an additional 510 shares during the period. SBI Securities Co. Ltd. purchased a new position in Trip.com Group in the fourth quarter valued at about $94,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Trip.com Group during the 4th quarter valued at approximately $121,000. Institutional investors and hedge funds own 35.41% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on TCOM shares. 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 report on Wednesday, May 21st. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. TD Securities raised their price target 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. Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Finally, Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $77.25.
Read Our Latest Research Report on Trip.com Group
Trip.com Group Trading Up 4.6%
TCOM stock traded up $2.72 during midday trading on Monday, hitting $61.46. The stock had a trading volume of 3,606,349 shares, compared to its average volume of 3,921,496. The company's 50-day moving average price is $61.16 and its 200 day moving average price is $63.02. 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 cap of $40.15 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.77 and a beta of 0.07. Trip.com Group Limited Sponsored ADR has a 12-month low of $38.23 and a 12-month high of $77.18.
About Trip.com Group
(
Free Report)
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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