Allianz Asset Management GmbH cut its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 482,405 shares of the company's stock after selling 15,084 shares during the quarter. Allianz Asset Management GmbH owned about 0.07% of Trip.com Group worth $30,728,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of TCOM. National Bank of Canada FI boosted its holdings in Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after acquiring an additional 321 shares during the period. GAMMA Investing LLC raised its position in shares of Trip.com Group by 6,259.0% during the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock worth $158,000 after acquiring an additional 2,441 shares in the last quarter. CWM LLC increased its position in Trip.com Group by 15.0% during the first quarter. CWM LLC now owns 2,810 shares of the company's stock worth $179,000 after buying an additional 366 shares during the period. Natixis increased its position in Trip.com Group by 13.1% during the fourth quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after buying an additional 313 shares during the period. Finally, Wealthquest Corp acquired a new position in shares of Trip.com Group in the first quarter valued at approximately $191,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.
Trip.com Group Stock Performance
Shares of NASDAQ TCOM traded down $0.01 during mid-day trading on Thursday, hitting $64.54. The company had a trading volume of 1,493,597 shares, compared to its average volume of 2,230,399. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.23 and a 12 month high of $77.18. The firm's 50 day simple moving average is $61.34 and its two-hundred day simple moving average is $62.42. The stock has a market cap of $42.16 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 3.09 and a beta of 0.07.
Analyst Ratings Changes
TCOM has been the topic of a number of recent analyst reports. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, May 20th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Bank of America boosted their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, TD Securities raised their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Trip.com Group presently has an average rating of "Buy" and an average price target of $77.25.
Read Our Latest Stock Analysis on TCOM
Trip.com Group Profile
(
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.
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