Jump Financial LLC Sells 103,576 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Jump Financial LLC sold 103,576 shares of Trip.com Group, reducing its holdings by 78.0%, leaving it with 29,223 shares valued at approximately $1.86 million.
• Notable institutional investments include a 1,609.6% stake increase by Mirae Asset Global Investments and a 220,646.1% increase by National Bank of Canada FI in the first quarter.
• Trip.com Group's stock is currently rated as a "Buy" by multiple analysts, with an average target price of $77.25, reflecting growing confidence in the company's future performance.

Jump Financial LLC trimmed its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 78.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,223 shares of the company's stock after selling 103,576 shares during the quarter. Jump Financial LLC's holdings in Trip.com Group were worth $1,858,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of TCOM. Mirae Asset Global Investments Co. Ltd. increased its stake in Trip.com Group by 1,609.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock worth $821,514,000 after purchasing an additional 12,165,176 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Trip.com Group by 1,925.9% during 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 in the last quarter. Davis Selected Advisers increased its stake in Trip.com Group by 29.8% during the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock worth $309,189,000 after purchasing an additional 1,115,836 shares in the last quarter. National Bank of Canada FI increased its stake in Trip.com Group by 220,646.1% during the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company's stock worth $64,842,000 after purchasing an additional 1,019,385 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Trip.com Group by 135.3% during the 1st quarter. Invesco Ltd. now owns 1,444,890 shares of the company's stock worth $91,866,000 after purchasing an additional 830,808 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Up 0.6%

Shares of Trip.com Group stock opened at $65.29 on Thursday. Trip.com Group Limited Sponsored ADR has a 12-month low of $46.17 and a 12-month high of $77.18. The stock has a market cap of $42.65 billion, a P/E ratio of 18.92, a P/E/G ratio of 3.11 and a beta of 0.06. 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 business's 50 day moving average is $61.54 and its 200-day moving average is $61.51.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Bank of America boosted their target price on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. TD Securities boosted their target price on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Benchmark restated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $77.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.