Ritholtz Wealth Management Sells 4,035 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Ritholtz Wealth Management reduced its stake in Trip.com Group Limited by 23.2%, selling 4,035 shares and now holding 13,375 shares worth approximately $784,000.
• Institutional investors currently hold 35.41% of Trip.com Group's stock, with significant positions acquired by firms like Mirae Asset Global Investments and Davis Selected Advisers.
• Trip.com Group has received positive analyst ratings, with upgrades resulting in a consensus rating of "Buy" and an average target price of $76.98.

Ritholtz Wealth Management cut its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 23.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,375 shares of the company's stock after selling 4,035 shares during the period. Ritholtz Wealth Management's holdings in Trip.com Group were worth $784,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TCOM. Mirae Asset Global Investments Co. Ltd. grew its position in Trip.com Group by 1,609.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock valued at $821,514,000 after acquiring an additional 12,165,176 shares during the period. Davis Selected Advisers grew its position in Trip.com Group by 29.8% in the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock valued at $309,189,000 after acquiring an additional 1,115,836 shares during the period. National Bank of Canada FI grew its position in Trip.com Group by 220,646.1% in the first quarter. National Bank of Canada FI now owns 1,019,847 shares of the company's stock valued at $64,842,000 after acquiring an additional 1,019,385 shares during the period. Voya Investment Management LLC grew its position in Trip.com Group by 41.4% in the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company's stock valued at $189,428,000 after acquiring an additional 872,630 shares during the period. Finally, Temasek Holdings Private Ltd bought a new stake in Trip.com Group in the first quarter valued at $54,568,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Price Performance

Trip.com Group stock opened at $70.14 on Friday. 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 firm has a market cap of $45.82 billion, a P/E ratio of 19.22, a P/E/G ratio of 2.89 and a beta of 0.03. The business's fifty day moving average is $70.91 and its two-hundred day moving average is $64.02. Trip.com Group Limited Sponsored ADR has a 52 week low of $51.35 and a 52 week high of $78.65.

Analyst Ratings Changes

TCOM has been the topic of a number of analyst reports. Sanford C. Bernstein upped their price target on Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Zacks Research upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Mizuho boosted their price objective 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. Finally, Barclays boosted their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and an average target price of $76.98.

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.

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