Trip.com Group Limited Sponsored ADR $TCOM Holdings Trimmed by Nordea Investment Management AB

Nordea Investment Management AB trimmed its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 823,853 shares of the company's stock after selling 94,915 shares during the period. Nordea Investment Management AB owned 0.13% of Trip.com Group worth $48,533,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TCOM. Stone House Investment Management LLC acquired a new stake in shares of Trip.com Group during the 1st quarter valued at $32,000. NewEdge Advisors LLC boosted its stake in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock valued at $36,000 after buying an additional 450 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Trip.com Group during the 1st quarter valued at $58,000. Farther Finance Advisors LLC boosted its stake in shares of Trip.com Group by 140.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company's stock valued at $69,000 after buying an additional 687 shares during the period. Finally, Allianz SE boosted its stake in shares of Trip.com Group by 312.2% during the 1st quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after buying an additional 871 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TCOM. Sanford C. Bernstein lifted their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Barclays lifted their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Weiss Ratings reissued a "hold (c+)" rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Zacks Research raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Finally, Mizuho lifted their price objective on shares of Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Trip.com Group currently has a consensus rating of "Buy" and a consensus target price of $76.98.

Trip.com Group Stock Down 0.1%

TCOM stock opened at $70.14 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The company has a fifty day simple moving average of $70.91 and a 200 day simple moving average of $64.02. The firm has a market cap of $45.82 billion, a PE ratio of 19.22, a PEG ratio of 2.89 and a beta of 0.03.

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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