Paradiem LLC reduced its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 25.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,401 shares of the company's stock after selling 27,443 shares during the period. Trip.com Group makes up approximately 1.4% of Paradiem LLC's investment portfolio, making the stock its 28th biggest position. Paradiem LLC's holdings in Trip.com Group were worth $4,985,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Principal Securities Inc. raised its holdings in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after buying an additional 169 shares in the last quarter. Rhumbline Advisers raised its stake in Trip.com Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after acquiring an additional 184 shares in the last quarter. Blair William & Co. IL raised its stake in Trip.com Group by 4.3% during the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock worth $367,000 after acquiring an additional 219 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Trip.com Group by 2.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after acquiring an additional 244 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Trip.com Group by 6.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company's stock worth $272,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on TCOM. JPMorgan Chase & Co. lowered their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Bank of America upped their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Finally, TD Securities upped their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and an average price target of $77.25.
Read Our Latest Report on Trip.com Group
Trip.com Group Stock Performance
NASDAQ TCOM opened at $55.85 on Friday. The company has a market capitalization of $36.49 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.58 and a beta of 0.09. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.23 and a twelve month high of $77.18. The stock has a fifty day simple moving average of $60.68 and a 200 day simple moving average of $64.01. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13.
About Trip.com Group
(
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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