Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in Trip.com Group Limited by 49.0%, now holding approximately 412,285 shares valued at about $26 million.
• Multiple institutional investors have adjusted their positions, with LPL Financial LLC increasing its holdings by 219.7%, accumulating 44,706 shares valued at roughly $2.8 million.
• Analysts remain positive on the stock, with a consensus rating of "Buy" and a target price of approximately $77.25, as various firms have recently upped their price objectives for Trip.com Group shares.

Caisse DE Depot ET Placement DU Quebec lowered its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 49.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 412,285 shares of the company's stock after selling 396,121 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of Trip.com Group worth $26,213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new position in Trip.com Group in the first quarter valued at about $32,000. Summit Securities Group LLC purchased a new position in Trip.com Group during the first quarter valued at approximately $58,000. Allianz SE raised its position in Trip.com Group by 312.2% during the first quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after acquiring an additional 871 shares in the last quarter. Brooklyn Investment Group raised its position in Trip.com Group by 239.5% during the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock valued at $78,000 after acquiring an additional 867 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Trip.com Group in the first quarter valued at approximately $78,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Ratings Changes

TCOM has been the subject of a number of recent analyst reports. Sanford C. Bernstein boosted their price objective on Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday. Barclays boosted their price objective on Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday. Bank of America boosted their price objective on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. TD Securities upped their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $76.98.

Trip.com Group Stock Performance

Shares of TCOM stock traded down $1.28 during midday trading on Friday, hitting $73.75. The company had a trading volume of 4,246,337 shares, compared to its average volume of 3,424,855. The company's 50 day simple moving average is $62.27 and its 200 day simple moving average is $61.61. Trip.com Group Limited Sponsored ADR has a 52-week low of $46.20 and a 52-week high of $77.18. The stock has a market cap of $48.18 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 3.60 and a beta of 0.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46.

Trip.com Group Company 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.