Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Shares Sold by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. reduced its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 18.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,000 shares of the company's stock after selling 9,830 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Trip.com Group were worth $2,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI boosted its position in shares of Trip.com Group by 227.7% in 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 in the last quarter. Rakuten Securities Inc. boosted its position in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after purchasing an additional 449 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after purchasing an additional 510 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Trip.com Group in the 4th quarter worth $121,000. Finally, GAMMA Investing LLC boosted its position in shares of Trip.com Group by 6,259.0% in the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock worth $158,000 after purchasing an additional 2,441 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of TCOM stock traded down $0.92 during midday trading on Tuesday, reaching $60.54. 2,303,340 shares of the company traded hands, compared to its average volume of 3,915,055. 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 Limited Sponsored ADR has a 1-year low of $38.23 and a 1-year high of $77.18. The firm has a market cap of $39.55 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 2.77 and a beta of 0.07. The firm's 50 day simple moving average is $61.21 and its two-hundred day simple moving average is $62.94.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TCOM. 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 price target on 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 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. TD Securities boosted their price objective on 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 upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $77.25.

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.