C WorldWide Group Holding A S Reduces Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

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

Several other institutional investors and hedge funds have also bought and sold shares of TCOM. FMR LLC raised its holdings in Trip.com Group by 125.5% in the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after acquiring an additional 13,964,875 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 valued at $821,514,000 after acquiring an additional 12,165,176 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake 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 valued at $205,057,000 after buying an additional 2,839,142 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Trip.com Group by 92.9% during the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after buying an additional 2,101,937 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Trip.com Group by 751.8% during the 4th quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock valued at $144,649,000 after buying an additional 1,859,401 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Bank of America increased their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Benchmark restated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. TD Securities lifted their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. One equities 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 stock. According to MarketBeat.com, Trip.com Group has an average rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Stock Up 2.1%

Trip.com Group stock traded up $1.29 during mid-day trading on Friday, reaching $63.61. 4,388,990 shares of the company's stock were exchanged, compared to its average volume of 3,917,094. The company has a market cap of $41.55 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.94 and a beta of 0.07. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.23 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 fifty day moving average of $61.50 and a 200-day moving average of $62.49.

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.