Harvest Fund Management Co. Ltd Has $6.36 Million Stock Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• Harvest Fund Management Co. Ltd has reduced its holdings in Trip.com Group Limited by 4.5%, now owning 100,000 shares worth approximately $6,359,000 as of the end of the first quarter.
• National Bank of Canada FI notably increased its position in Trip.com Group by 227.7%, along with several other institutional investors increasing their stakes.
• Analyst sentiment is mixed, with one firm downgrading Trip.com from a "buy" to a "hold," while others have set price targets as high as $80.00, reflecting a generally positive outlook for the stock.

Harvest Fund Management Co. Ltd cut its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,000 shares of the company's stock after selling 4,734 shares during the period. Harvest Fund Management Co. Ltd's holdings in Trip.com Group were worth $6,359,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp raised its stake in Trip.com Group by 17.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,557 shares of the company's stock valued at $2,029,000 after buying an additional 4,325 shares during the period. Blair William & Co. IL raised its stake in Trip.com Group by 4.3% in the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after buying an additional 219 shares during the period. Norges Bank bought a new stake in Trip.com Group in the fourth quarter valued at approximately $67,473,000. Nomura Asset Management Co. Ltd. bought a new stake in Trip.com Group in the fourth quarter valued at approximately $1,345,000. Finally, Orion Portfolio Solutions LLC raised its stake in Trip.com Group by 31.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,285 shares of the company's stock valued at $1,118,000 after buying an additional 3,932 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Benchmark restated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. TD Securities increased their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Bank of America increased their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $77.25.

Trip.com Group Price Performance

Trip.com Group stock traded down $1.40 during mid-day trading on Wednesday, reaching $61.73. 2,506,595 shares of the company were exchanged, compared to its average volume of 2,236,913. The company has a fifty day simple moving average of $61.24 and a 200-day simple moving average of $62.38. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.23 and a 12 month high of $77.18. 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 has a market cap of $40.33 billion, a PE ratio of 17.89, a PEG ratio of 3.03 and a beta of 0.07.

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.