Paradiem LLC decreased its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 25.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,401 shares of the company's stock after selling 27,443 shares during the quarter. Trip.com Group accounts for approximately 1.4% of Paradiem LLC's holdings, making the stock its 28th largest holding. Paradiem LLC's holdings in Trip.com Group were worth $4,985,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC bought a new position in Trip.com Group in the fourth quarter valued at approximately $136,000. Rhumbline Advisers grew its stake in shares of Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock valued at $825,000 after buying an additional 184 shares in the last quarter. Principal Securities Inc. increased its holdings in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after buying an additional 169 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Trip.com Group by 87.9% during the fourth quarter. Principal Financial Group Inc. now owns 246,953 shares of the company's stock worth $16,956,000 after buying an additional 115,546 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Trip.com Group by 2.8% during the fourth quarter. Private Advisor Group LLC now owns 16,272 shares of the company's stock worth $1,117,000 after acquiring an additional 440 shares in the last quarter. Institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Performance
Shares of Trip.com Group stock traded up $0.48 during trading on Wednesday, reaching $59.37. The company's stock had a trading volume of 3,621,767 shares, compared to its average volume of 3,945,912. Trip.com Group Limited Sponsored ADR has a 52 week low of $38.23 and a 52 week high of $77.18. The firm has a market cap of $38.78 billion, a PE ratio of 17.21, a P/E/G ratio of 2.78 and a beta of 0.09. The business's 50-day moving average price is $60.75 and its 200-day moving average price is $63.88. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Bank of America raised their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. Finally, TD Securities boosted 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 analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $77.25.
View Our Latest Stock Report on TCOM
Trip.com Group Company Profile
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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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