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 position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 78.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission.

Several other large investors have also modified their holdings of TCOM. SVB Wealth LLC bought a new position in Trip.com Group in the 1st quarter worth $78,000. CW Advisors LLC grew its position in shares of Trip.com Group by 72.3% in the first quarter. CW Advisors LLC now owns 8,620 shares of the company's stock valued at $548,000 after purchasing an additional 3,617 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Trip.com Group by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,592,631 shares of the company's stock valued at $101,261,000 after purchasing an additional 161,295 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in shares of Trip.com Group in the first quarter worth about $827,000. Finally, Erste Asset Management GmbH acquired a new position in shares of Trip.com Group during the 1st quarter worth about $1,254,000. 35.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on TCOM shares. Bank of America raised their target price on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Sanford C. Bernstein raised their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. Mizuho increased their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Finally, TD Securities raised their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $76.98.

Trip.com Group Price Performance

Shares of TCOM traded down $2.16 during mid-day trading on Tuesday, reaching $71.59. The company had a trading volume of 4,391,239 shares, compared to its average volume of 3,467,233. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.46. The company has a market capitalization of $46.77 billion, a P/E ratio of 19.61, a P/E/G ratio of 3.53 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a twelve month low of $46.20 and a twelve month high of $77.18. The company's 50-day moving average is $62.85 and its 200-day moving average is $61.61.

Trip.com Group 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.