Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. cut its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,201 shares of the company's stock after selling 11,854 shares during the period. Raymond James Financial Inc.'s holdings in Trip.com Group were worth $3,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TCOM. Mercer Global Advisors Inc. ADV increased its position in Trip.com Group by 7.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,072 shares of the company's stock worth $486,000 after purchasing an additional 464 shares during the period. BNP Paribas Financial Markets acquired a new position in Trip.com Group during the 4th quarter worth approximately $4,330,000. Baird Financial Group Inc. acquired a new position in Trip.com Group during the 4th quarter worth approximately $382,000. Balyasny Asset Management L.P. acquired a new position in Trip.com Group during the 4th quarter worth approximately $655,000. Finally, Cetera Investment Advisers increased its position in Trip.com Group by 24.2% during the 4th quarter. Cetera Investment Advisers now owns 22,538 shares of the company's stock worth $1,547,000 after purchasing an additional 4,386 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Wall Street Analyst Weigh In

TCOM has been the topic of a number of research reports. Bank of America upped their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Barclays increased their price target on Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. TD Securities increased their price target on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Zacks Research raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Finally, Mizuho increased their price target on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat.com, Trip.com Group currently has an average rating of "Buy" and a consensus target price of $76.98.

Trip.com Group Trading Up 2.4%

Shares of TCOM traded up $1.76 during trading hours on Thursday, hitting $74.26. The stock had a trading volume of 1,840,010 shares, compared to its average volume of 3,498,584. Trip.com Group Limited Sponsored ADR has a 12-month low of $46.20 and a 12-month high of $77.18. The firm has a market cap of $48.51 billion, a P/E ratio of 20.34, a P/E/G ratio of 2.99 and a beta of 0.03. 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's fifty day simple moving average is $64.48 and its 200 day simple moving average is $61.86.

About Trip.com Group

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.