Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S reduced its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,301,973 shares of the company's stock after selling 7,235 shares during the period. Trip.com Group comprises about 1.0% of C WorldWide Group Holding A S's holdings, making the stock its 20th largest holding. C WorldWide Group Holding A S owned about 0.20% of Trip.com Group worth $82,779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blair William & Co. IL boosted its holdings in Trip.com Group by 4.3% in the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after purchasing an additional 219 shares during the period. Corient Private Wealth LLC lifted its holdings in Trip.com Group by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 8,761 shares of the company's stock worth $602,000 after buying an additional 304 shares during the last quarter. Natixis lifted its holdings in Trip.com Group by 13.1% during the 4th quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after buying an additional 313 shares during the last quarter. National Bank of Canada FI lifted its holdings in 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 buying an additional 321 shares during the last quarter. Finally, CWM LLC lifted its holdings in Trip.com Group by 15.0% during the 1st quarter. CWM LLC now owns 2,810 shares of the company's stock worth $179,000 after buying an additional 366 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

TCOM stock traded down $0.05 during trading on Monday, hitting $63.56. The company had a trading volume of 538,010 shares, compared to its average volume of 3,906,062. The firm has a market cap of $41.52 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 3.05 and a beta of 0.07. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.23 and a 1-year high of $77.18. The firm has a 50-day moving average price of $61.50 and a 200-day moving average price of $62.43. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Bank of America lifted their target price 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. TD Securities lifted their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock 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.