Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 45.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,535 shares of the company's stock after selling 5,479 shares during the period. Rhumbline Advisers' holdings in Trip.com Group were worth $415,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Baird Financial Group Inc. purchased a new position in Trip.com Group during the 4th quarter worth approximately $382,000. Vise Technologies Inc. acquired a new stake in shares of Trip.com Group in the fourth quarter worth $906,000. Raymond James Financial Inc. acquired a new stake in Trip.com Group during the 4th quarter worth about $4,192,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Trip.com Group during the 4th quarter valued at about $8,297,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Trip.com Group during the 4th quarter valued at about $1,372,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Trading Down 0.1%

TCOM stock traded down $0.03 during trading on Friday, reaching $58.67. 870,203 shares of the stock were exchanged, compared to its average volume of 3,927,324. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $38.33 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 2.80 and a beta of 0.09. The business has a 50 day moving average price of $60.90 and a 200-day moving average price of $63.73. Trip.com Group Limited Sponsored ADR has a 1 year low of $38.23 and a 1 year high of $77.18.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TCOM. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. JPMorgan Chase & Co. reduced their target price on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. TD Securities lifted their price target 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 raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, 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. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $77.25.

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.