MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 14,230 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in Trip.com Group by 14.6%, selling 14,230 shares and leaving it with 83,259 shares valued at approximately $5,294,000.
• Multiple institutional investors have increased their investments in Trip.com Group, with Allianz SE growing its holdings by 312.2% and Brooklyn Investment Group increasing theirs by 239.5%.
• Analysts have raised their price targets for Trip.com Group, with Mizuho setting a new target at $81.00 and Barclays at $85.00, suggesting a positive outlook for the stock.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 14.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,259 shares of the company's stock after selling 14,230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Trip.com Group were worth $5,294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TCOM. Stone House Investment Management LLC bought a new stake in shares of Trip.com Group during the 1st quarter worth about $32,000. Summit Securities Group LLC bought a new stake in shares of Trip.com Group during the 1st quarter worth approximately $58,000. Allianz SE lifted its holdings in shares of Trip.com Group by 312.2% during the 1st quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after acquiring an additional 871 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Trip.com Group by 239.5% during the 1st quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock worth $78,000 after acquiring an additional 867 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of Trip.com Group during the 1st quarter worth approximately $78,000. Institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Up 0.5%

Shares of TCOM traded up $0.40 during trading hours on Wednesday, hitting $76.98. 1,837,727 shares of the stock were exchanged, compared to its average volume of 3,479,051. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $46.20 and a fifty-two week high of $77.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33. The business has a 50-day moving average of $65.67 and a 200-day moving average of $62.33. The firm has a market capitalization of $50.29 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 3.06 and a beta of 0.03.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TCOM. Sanford C. Bernstein upped their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. TD Securities upped 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 report on Tuesday, May 20th. Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, May 20th. Mizuho upped their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Finally, Zacks Research upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $76.98.

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.