Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Shares Sold by Private Advisor Group LLC

Key Points

• Private Advisor Group LLC has significantly reduced its holdings in Trip.com Group Limited by 75.6%, resulting in ownership of only 3,976 shares worth $253,000.
• Other institutional investors have increased their positions, with National Bank of Canada FI raising its holdings by 227.7% and GAMMA Investing LLC by a massive 6,259.0%.
• Analysts have given Trip.com Group a consensus rating of "Buy" with an average price target of $77.25, reflecting positive market sentiment despite recent fluctuations.

Private Advisor Group LLC cut its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 75.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,976 shares of the company's stock after selling 12,296 shares during the period. Private Advisor Group LLC's holdings in Trip.com Group were worth $253,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ping Capital Management Inc. acquired a new position in shares of Trip.com Group in the first quarter valued at approximately $229,000. Jennison Associates LLC raised its position in Trip.com Group by 0.5% in the 1st quarter. Jennison Associates LLC now owns 828,765 shares of the company's stock valued at $52,693,000 after purchasing an additional 3,875 shares during the last quarter. Bridgewater Advisors Inc. purchased a new stake in Trip.com Group in the 1st quarter valued at $224,000. Whittier Trust Co. of Nevada Inc. raised its position in Trip.com Group by 42.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 9,599 shares of the company's stock worth $610,000 after buying an additional 2,855 shares during the last quarter. Finally, Whittier Trust Co. raised its position in Trip.com Group by 12.5% during the 1st quarter. Whittier Trust Co. now owns 33,067 shares of the company's stock worth $2,102,000 after buying an additional 3,674 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TCOM has been the topic of a number of recent analyst reports. TD Securities upped their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Bank of America upped their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $77.25.

Trip.com Group Trading Down 1.4%

Shares of Trip.com Group stock traded down $0.89 during mid-day trading on Tuesday, hitting $61.17. 1,105,887 shares of the stock were exchanged, compared to its average volume of 3,481,599. Trip.com Group Limited Sponsored ADR has a twelve month low of $40.71 and a twelve month high of $77.18. The stock has a market capitalization of $39.96 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.91 and a beta of 0.06. The company has a 50-day simple moving average of $61.22 and a 200 day simple moving average of $62.27. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13.

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.