NS Partners Ltd lessened its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 47.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 403,400 shares of the company's stock after selling 365,100 shares during the period. NS Partners Ltd owned approximately 0.06% of Trip.com Group worth $25,648,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. National Bank of Canada FI raised its holdings in Trip.com Group by 220,646.1% during the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company's stock valued at $64,842,000 after buying an additional 1,019,385 shares during the period. Citigroup Inc. grew its position in shares of Trip.com Group by 18.4% during the 1st quarter. Citigroup Inc. now owns 309,480 shares of the company's stock worth $19,677,000 after buying an additional 48,046 shares in the last quarter. XY Capital Ltd boosted its position in Trip.com Group by 1,954.6% during the first quarter. XY Capital Ltd now owns 126,131 shares of the company's stock valued at $8,019,000 after purchasing an additional 119,992 shares in the last quarter. Kontiki Capital Management HK Ltd. boosted its position in Trip.com Group by 3.4% during the first quarter. Kontiki Capital Management HK Ltd. now owns 1,929,847 shares of the company's stock valued at $122,700,000 after purchasing an additional 63,407 shares in the last quarter. Finally, Green Court Capital Management Ltd boosted its holdings in Trip.com Group by 81.3% in the first quarter. Green Court Capital Management Ltd now owns 800,600 shares of the company's stock worth $50,902,000 after acquiring an additional 358,900 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.
Trip.com Group Trading Up 1.2%
Shares of TCOM stock traded up $0.70 on Monday, hitting $59.50. The stock had a trading volume of 4,232,412 shares, compared to its average volume of 3,485,028. The company's 50 day moving average price is $61.06 and its 200-day moving average price is $62.08. 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 1 year low of $40.71 and a 1 year high of $77.18. The firm has a market capitalization of $38.87 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.82 and a beta of 0.06.
Analyst Upgrades and Downgrades
A number of research firms recently commented on TCOM. Bank of America lifted their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. Finally, TD Securities upped their price target 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 issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $77.25.
View Our Latest Report on TCOM
Trip.com Group Company 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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