JPMorgan Chase & Co. Has $336.92 Million Stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• JPMorgan Chase & Co. has reduced its stake in Trip.com Group Limited by 16.5%, owning approximately 5.3 million shares worth $336.92 million as of the latest quarter.
• Institutional investors collectively own 35.41% of Trip.com Group, with several firms increasing their stakes recently.
• Despite a recent downgrade to a "hold" rating by Wall Street Zen, Trip.com Group still has a consensus "buy" rating with a target price averaging $77.25.

JPMorgan Chase & Co. decreased its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,299,208 shares of the company's stock after selling 1,046,356 shares during the quarter. JPMorgan Chase & Co. owned about 0.81% of Trip.com Group worth $336,924,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TCOM. Alliancebernstein L.P. acquired a new stake in shares of Trip.com Group during the 4th quarter worth approximately $1,358,000. Envestnet Asset Management Inc. boosted its stake in Trip.com Group by 24.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 144,104 shares of the company's stock worth $9,894,000 after acquiring an additional 28,107 shares during the last quarter. Advisory Services Network LLC bought a new position in Trip.com Group during the 4th quarter worth approximately $409,000. Raymond James Financial Inc. bought a new position in Trip.com Group during the 4th quarter worth approximately $4,192,000. Finally, Townsquare Capital LLC bought a new position in Trip.com Group during the 4th quarter worth approximately $550,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Performance

Shares of TCOM opened at $59.34 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46. Trip.com Group Limited Sponsored ADR has a twelve month low of $40.71 and a twelve month high of $77.18. The firm's 50 day moving average price is $60.90 and its two-hundred day moving average price is $61.98. The firm has a market cap of $38.77 billion, a P/E ratio of 17.20, a PEG ratio of 2.85 and a beta of 0.06.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. TD Securities lifted their price objective on shares of 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 raised shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Bank of America lifted their price objective 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. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $77.25.

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.

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