MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake 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 Securities and Exchange Commission. The firm owned 83,259 shares of the company's stock after selling 14,230 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Trip.com Group were worth $5,294,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC bought a new position in Trip.com Group during the first quarter worth $32,000. Summit Securities Group LLC bought a new stake in shares of Trip.com Group in the 1st quarter worth about $58,000. Allianz SE grew its holdings in shares of Trip.com Group by 312.2% in the 1st quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after purchasing an additional 871 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Trip.com Group in the 1st quarter worth about $78,000. Finally, Brooklyn Investment Group grew its holdings in shares of Trip.com Group by 239.5% in the 1st quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock worth $78,000 after purchasing an additional 867 shares during the last quarter. Institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Performance
Shares of TCOM stock opened at $74.83 on Friday. The company has a market capitalization of $48.88 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 2.99 and a beta of 0.03. The company's 50 day moving average price is $64.80 and its two-hundred day moving average price is $61.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group Limited Sponsored ADR has a 52 week low of $46.20 and a 52 week high of $77.18.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on TCOM. Mizuho upped their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. 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. Barclays upped their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. 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 research report on Friday, August 29th. Finally, Bank of America increased their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $76.98.
Read Our Latest Stock Analysis on Trip.com Group
Trip.com Group Profile
(
Free Report)
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.
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