Diversified Trust Co cut its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 35.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,200 shares of the company's stock after selling 8,508 shares during the period. Diversified Trust Co's holdings in Trip.com Group were worth $966,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TCOM. Wealthquest Corp acquired a new stake in shares of Trip.com Group during the first quarter worth $191,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Trip.com Group during the 1st quarter worth about $690,000. Deltec Asset Management LLC lifted its position in Trip.com Group by 38.3% during the 1st quarter. Deltec Asset Management LLC now owns 6,500 shares of the company's stock worth $413,000 after acquiring an additional 1,800 shares during the period. GAM Holding AG grew its stake in Trip.com Group by 24.5% during the 1st quarter. GAM Holding AG now owns 52,495 shares of the company's stock valued at $3,338,000 after purchasing an additional 10,329 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Trip.com Group by 83.7% in the first quarter. Blue Trust Inc. now owns 4,364 shares of the company's stock valued at $277,000 after purchasing an additional 1,988 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Performance
TCOM stock traded up $0.12 during midday trading on Wednesday, hitting $59.09. 952,379 shares of the stock traded hands, compared to its average volume of 3,702,367. Trip.com Group Limited Sponsored ADR has a 1-year low of $38.23 and a 1-year high of $77.18. 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 stock's fifty day simple moving average is $61.09 and its 200-day simple moving average is $63.38. The firm has a market cap of $38.60 billion, a P/E ratio of 17.13, a PEG ratio of 2.77 and a beta of 0.07.
Analysts Set New Price Targets
A number of equities research analysts recently commented on TCOM shares. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. TD Securities lifted their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Bank of America upped their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $77.25.
Read Our Latest Research Report on Trip.com Group
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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