Rhumbline Advisers lessened its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 45.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,535 shares of the company's stock after selling 5,479 shares during the quarter. Rhumbline Advisers' holdings in Trip.com Group were worth $415,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of TCOM. Baird Financial Group Inc. acquired a new stake in shares of Trip.com Group in the 4th quarter valued at $382,000. Vise Technologies Inc. acquired a new stake in shares of Trip.com Group in the 4th quarter valued at $906,000. Raymond James Financial Inc. acquired a new stake in shares of Trip.com Group in the 4th quarter valued at $4,192,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Trip.com Group in the 4th quarter valued at $8,297,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Trip.com Group in the 4th quarter valued at $1,372,000. Institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Performance
Trip.com Group stock opened at $57.61 on Tuesday. 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 Limited Sponsored ADR has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a market cap of $37.63 billion, a PE ratio of 16.70, a PEG ratio of 2.58 and a beta of 0.09. The company's 50-day moving average is $60.70 and its two-hundred day moving average is $63.91.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on TCOM. TD Securities boosted their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. Finally, Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of "Buy" and an average target price of $77.25.
Get Our Latest Analysis on Trip.com Group
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.
Featured Articles
Want to see what other hedge funds are holding TCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Trip.com Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trip.com Group wasn't on the list.
While Trip.com Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
