Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Martin Currie Ltd.

Key Points

• Martin Currie Ltd. has reduced its stake in Trip.com Group Limited by 14.6%, owning approximately $62.72 million worth of shares, making it the firm's 14th largest holding.
• The stock has received multiple analyst upgrades, with a consensus rating of "Buy" and an average price target of $77.25.
• As of the latest data, Trip.com Group has a market capitalization of $39.40 billion and its stock has seen a 12-month high of $77.18.

Martin Currie Ltd. decreased its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 14.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 986,489 shares of the company's stock after selling 169,260 shares during the period. Trip.com Group makes up approximately 2.5% of Martin Currie Ltd.'s investment portfolio, making the stock its 14th largest holding. Martin Currie Ltd. owned 0.15% of Trip.com Group worth $62,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aberdeen Group plc lifted its position in Trip.com Group by 1,265.5% during the 1st quarter. Aberdeen Group plc now owns 404,153 shares of the company's stock worth $25,472,000 after acquiring an additional 374,555 shares during the period. OneAscent Investment Solutions LLC acquired a new stake in shares of Trip.com Group during the first quarter worth about $539,000. Ground Swell Capital LLC purchased a new stake in Trip.com Group in the first quarter valued at approximately $687,000. Russell Investments Group Ltd. increased its holdings in Trip.com Group by 48.7% in the 1st quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company's stock worth $151,727,000 after buying an additional 781,916 shares during the period. Finally, Prudential PLC raised its position 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 last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded up $1.91 during midday trading on Tuesday, hitting $64.86. The company's stock had a trading volume of 4,318,343 shares, compared to its average volume of 3,507,947. The company has a market cap of $42.37 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 2.99 and a beta of 0.06. Trip.com Group Limited Sponsored ADR has a 12-month low of $41.22 and a 12-month high of $77.18. The business's 50 day simple moving average is $60.92 and its 200 day simple moving average is $61.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46.

Wall Street Analyst Weigh In

Several analysts have recently commented on TCOM shares. Bank of America upped their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. TD Securities boosted their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Two investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price 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.