Mirae Asset Global Investments Co. Ltd. Reduces Stake in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Mirae Asset Global Investments significantly reduced its stake in Trip.com Group, selling 99.2% of its shares, leaving it with only 101,378 shares valued at approximately $5.9 million.
• Other institutional investors, such as Davis Selected Advisers and National Bank of Canada FI, have increased their holdings in Trip.com Group, reflecting a mix of investor sentiment.
• Analyst ratings for Trip.com Group are generally positive, with a consensus rating of "Buy" and a target price of $76.98, indicating potential for growth.

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 99.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,378 shares of the company's stock after selling 12,819,577 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Trip.com Group were worth $5,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TCOM. Davis Selected Advisers raised its holdings in Trip.com Group by 29.8% during the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock valued at $309,189,000 after buying an additional 1,115,836 shares during the period. National Bank of Canada FI boosted its stake in Trip.com Group by 220,646.1% during the first quarter. National Bank of Canada FI now owns 1,019,847 shares of the company's stock worth $64,842,000 after buying an additional 1,019,385 shares during the period. Voya Investment Management LLC increased its position in Trip.com Group by 41.4% during the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company's stock valued at $189,428,000 after acquiring an additional 872,630 shares during the last quarter. Temasek Holdings Private Ltd purchased a new stake in shares of Trip.com Group in the first quarter valued at $54,568,000. Finally, Invesco Ltd. lifted its holdings in shares of Trip.com Group by 135.3% in the 1st quarter. Invesco Ltd. now owns 1,444,890 shares of the company's stock worth $91,866,000 after acquiring an additional 830,808 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Ratings Changes

TCOM has been the topic of several analyst reports. Zacks Research upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Weiss Ratings restated a "hold (c+)" rating on shares of Trip.com Group in a research report on Saturday, September 27th. Barclays upped their target price on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Sanford C. Bernstein raised their price target on Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, Mizuho boosted their price objective on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $76.98.

Trip.com Group Stock Performance

Trip.com Group stock opened at $71.39 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $46.64 billion, a PE ratio of 19.56, a P/E/G ratio of 3.03 and a beta of 0.03. The company has a 50 day moving average price of $69.27 and a 200-day moving average price of $63.58. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $51.35 and a fifty-two week high of $78.65.

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.

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