Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 36.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 874,899 shares of the company's stock after selling 500,658 shares during the period. Federated Hermes Inc. owned about 0.13% of Trip.com Group worth $55,626,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Mackenzie Financial Corp boosted its position in shares of Trip.com Group by 20.4% during the first quarter. Mackenzie Financial Corp now owns 718,327 shares of the company's stock valued at $45,671,000 after buying an additional 121,568 shares during the period. LPL Financial LLC raised its stake in shares of Trip.com Group by 219.7% during the first 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. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Trip.com Group by 28.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after acquiring an additional 360 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Trip.com Group by 14.9% during the first quarter. TD Asset Management Inc now owns 29,278 shares of the company's stock valued at $1,861,000 after acquiring an additional 3,789 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Trip.com Group by 0.7% during the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock valued at $1,444,000 after acquiring an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

TCOM has been the subject of several research analyst reports. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. TD Securities lifted their price target 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. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Bank of America lifted their price target 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. Finally, Benchmark reissued a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Stock Down 2.1%

Shares of TCOM stock traded down $1.32 during trading hours on Friday, reaching $60.63. 2,202,190 shares of the company's stock were exchanged, compared to its average volume of 2,339,151. The stock's 50 day moving average is $61.23 and its 200-day moving average is $62.35. The company has a market cap of $39.61 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 2.97 and a beta of 0.06. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.

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.