Groupe la Francaise Has $14.81 Million Stake in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Groupe la Francaise reduced its stake in Trip.com Group by 13.2%, owning 227,386 shares valued at approximately $14.81 million as of the latest SEC filing.
• Multiple institutional investors showed activity in Trip.com Group, with Allianz SE increasing its stake by 312.2% and Brooklyn Investment Group increasing theirs by 239.5% during the first quarter.
• Equities research analysts generally promote the stock with an average rating of "Buy" and an average target price of $77.25, with notable recommendations from Bank of America and TD Securities.

Groupe la Francaise cut its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,386 shares of the company's stock after selling 34,663 shares during the period. Groupe la Francaise's holdings in Trip.com Group were worth $14,808,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TCOM. Stone House Investment Management LLC bought a new position in Trip.com Group in the first quarter worth about $32,000. Summit Securities Group LLC bought a new position in Trip.com Group in the first quarter worth about $58,000. Allianz SE lifted its holdings in Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after acquiring an additional 871 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Trip.com Group by 239.5% in 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 during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Trip.com Group by 28.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock worth $104,000 after acquiring an additional 360 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Price Performance

Trip.com Group stock traded up $9.55 during mid-day trading on Thursday, hitting $74.84. The company's stock had a trading volume of 5,607,873 shares, compared to its average volume of 3,488,424. The stock's fifty day moving average price is $61.54 and its two-hundred day moving average price is $61.51. Trip.com Group Limited Sponsored ADR has a twelve month low of $46.20 and a twelve month high of $77.18. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $48.89 billion, a P/E ratio of 21.62, a P/E/G ratio of 3.11 and a beta of 0.06.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TCOM shares. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. TD Securities lifted their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Mizuho lifted their price target on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Thursday. Finally, 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 report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $77.53.

About Trip.com Group

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.