Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Driehaus Capital Management LLC

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 lowered its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 14.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 831,282 shares of the company's stock after selling 141,752 shares during the period. Driehaus Capital Management LLC owned about 0.13% of Trip.com Group worth $52,853,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TCOM. Principal Financial Group Inc. raised its position in shares of Trip.com Group by 4.1% during the 1st quarter. Principal Financial Group Inc. now owns 257,077 shares of the company's stock worth $16,345,000 after purchasing an additional 10,124 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Trip.com Group during the 1st quarter worth about $690,000. Cerity Partners LLC raised its position in shares of Trip.com Group by 57.8% during the 1st quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock worth $1,377,000 after purchasing an additional 7,929 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in Trip.com Group during the 4th quarter valued at about $382,000. Finally, LPL Financial LLC grew its stake in Trip.com Group by 219.7% during the 1st quarter. LPL Financial LLC now owns 44,706 shares of the company's stock valued at $2,842,000 after acquiring an additional 30,723 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Performance

Trip.com Group stock traded down $2.16 during midday trading on Tuesday, hitting $71.59. 4,386,155 shares of the company's stock were exchanged, compared to its average volume of 3,516,542. The stock has a market cap of $46.77 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 3.53 and a beta of 0.03. The firm's 50 day simple moving average is $62.59 and its 200 day simple moving average is $61.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group Limited Sponsored ADR has a 12-month low of $46.20 and a 12-month high of $77.18.

Wall Street Analysts Forecast Growth

TCOM has been the subject of several research reports. Bank of America upped 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. Barclays increased their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday. Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. Sanford C. Bernstein increased their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Mizuho increased their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group currently has an average rating of "Buy" and an average target price of $76.98.

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.