Liontrust Investment Partners LLP Sells 15,700 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Liontrust Investment Partners LLP has reduced its position in Trip.com Group Limited by 10.7%, selling 15,700 shares during the first quarter, leaving them with 131,712 shares valued at approximately $8.37 million.
• Several institutional investors have recently adjusted their stakes in Trip.com, with Russell Investments Group increasing its holdings by 48.7% to own over 2.38 million shares, valued at around $151.73 million.
• Trip.com Group has received multiple analyst upgrades, with the stock now holding a consensus rating of "Buy" and an average target price of $77.25.

Liontrust Investment Partners LLP decreased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 131,712 shares of the company's stock after selling 15,700 shares during the quarter. Liontrust Investment Partners LLP's holdings in Trip.com Group were worth $8,374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in shares of Trip.com Group by 0.7% during the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock valued at $1,444,000 after purchasing an additional 166 shares during the period. Prudential PLC raised its stake in Trip.com Group by 2.1% during the 1st quarter. Prudential PLC now owns 11,897 shares of the company's stock worth $756,000 after buying an additional 244 shares during the period. Natixis boosted its holdings in Trip.com Group by 13.1% in the fourth quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after acquiring an additional 313 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Trip.com Group by 4.2% during the first quarter. Townsquare Capital LLC now owns 8,349 shares of the company's stock valued at $531,000 after acquiring an additional 338 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Trip.com Group by 28.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. TD Securities upped their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Bank of America lifted their price target 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. Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Finally, Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. Two analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $77.25.

Trip.com Group Price Performance

Trip.com Group stock traded up $1.91 during midday trading on Tuesday, reaching $64.86. 4,318,343 shares of the stock were exchanged, compared to its average volume of 3,507,947. The company's fifty day moving average is $60.92 and its 200-day moving average is $61.65. The firm has a market cap of $42.37 billion, a PE ratio of 18.80, a PEG ratio of 2.99 and a beta of 0.06. 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 52 week low of $41.22 and a 52 week high of $77.18.

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.