Driehaus Capital Management LLC Reduces Stake in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Driehaus Capital Management LLC has reduced its holdings in Trip.com Group by 14.6%, now owning 831,282 shares valued at approximately $52.85 million.
• Several other institutional investors have increased their stakes in Trip.com Group, including Principal Financial Group and LPL Financial, indicating growing institutional interest in the company.
• Trip.com Group's stock price target has been raised by multiple analysts, with ratings ranging from "buy" to "outperform," reflecting positive market sentiment.

Driehaus Capital Management LLC reduced its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 14.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 831,282 shares of the company's stock after selling 141,752 shares during the period. Driehaus Capital Management LLC owned 0.13% of Trip.com Group worth $52,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in Trip.com Group in the first quarter valued at $32,000. Summit Securities Group LLC bought a new stake in Trip.com Group in the first quarter valued at $58,000. Allianz SE increased its stake in Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after purchasing an additional 871 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Trip.com Group during the first quarter worth about $78,000. Finally, Brooklyn Investment Group increased its position in shares of Trip.com Group by 239.5% during the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock worth $78,000 after acquiring an additional 867 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Up 0.0%

TCOM stock traded up $0.01 during trading on Wednesday, reaching $71.60. The stock had a trading volume of 1,431,628 shares, compared to its average volume of 3,507,703. The company has a quick ratio of 1.46, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $46.78 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 3.53 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a one year low of $46.20 and a one year high of $77.18. The company's 50 day moving average is $62.85 and its two-hundred day moving average is $61.61.

Analyst Ratings Changes

Several research firms have recently commented on TCOM. Sanford C. Bernstein boosted their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Benchmark reissued a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. Bank of America boosted their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Mizuho boosted their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Finally, TD Securities boosted their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $76.98.

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.