Groupe la Francaise Reduces Position 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 lowered its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 227,386 shares of the company's stock after selling 34,663 shares during the quarter. Groupe la Francaise's holdings in Trip.com Group were worth $14,808,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in Trip.com Group by 1,609.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock worth $821,514,000 after acquiring an additional 12,165,176 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Trip.com Group by 1,925.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock worth $205,057,000 after purchasing an additional 2,839,142 shares during the period. Voya Investment Management LLC boosted its stake in shares of Trip.com Group by 751.8% during the 4th quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock valued at $144,649,000 after purchasing an additional 1,859,401 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Trip.com Group by 16,640.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company's stock valued at $98,277,000 after buying an additional 1,422,786 shares during the period. Finally, Davis Selected Advisers raised its stake in Trip.com Group by 29.8% in the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock worth $309,189,000 after buying an additional 1,115,836 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on TCOM shares. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, May 20th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Bank of America lifted their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, TD Securities raised 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. Two equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Trading Up 0.6%

Shares of Trip.com Group stock traded up $0.36 on Wednesday, reaching $65.29. The company had a trading volume of 2,888,898 shares, compared to its average volume of 3,477,178. The firm has a market cap of $42.65 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 3.16 and a beta of 0.06. 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 firm's 50-day moving average price is $61.37 and its two-hundred day moving average price is $61.48. Trip.com Group Limited Sponsored ADR has a 1 year low of $46.17 and a 1 year high of $77.18.

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.