Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Trip.com Group by 25.3%, selling 11,964 shares and ending the quarter with a total of 35,409 shares valued at approximately $2.25 million.
• Institutional investment activity showed significant increases, with Mirae Asset Global Investments raising its holdings by 1,609.6%, owning nearly 12.92 million shares worth about $821.5 million.
• Analysts have mixed ratings on Trip.com Group, with Wall Street Zen downgrading the stock to a "hold," while other firms like Bank of America and TD Securities maintain a "buy" rating with target prices between $70.00 and $80.00.

Deutsche Bank AG decreased its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,409 shares of the company's stock after selling 11,964 shares during the quarter. Deutsche Bank AG's holdings in Trip.com Group were worth $2,251,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 buying an additional 12,165,176 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Trip.com Group by 1,925.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock valued at $205,057,000 after purchasing an additional 2,839,142 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Trip.com Group by 24.3% during the fourth quarter. Janus Henderson Group PLC now owns 2,412,761 shares of the company's stock valued at $165,686,000 after purchasing an additional 471,768 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Trip.com Group by 751.8% during the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock valued at $144,649,000 after purchasing an additional 1,859,401 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Trip.com Group by 16,640.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company's stock valued at $98,277,000 after purchasing an additional 1,422,786 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $63.18 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $41.27 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 3.11 and a beta of 0.06. The business's 50-day simple moving average is $61.02 and its 200-day simple moving average is $61.68. Trip.com Group Limited Sponsored ADR has a 52 week low of $41.86 and a 52 week high of $77.18.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TCOM. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Bank of America upped their target price on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. TD Securities upped their target price on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $77.25.

Trip.com Group Company 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.

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