Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by HCEP Management Ltd

Key Points

• HCEP Management cut its Trip.com stake by 89.5% in Q3, selling 113,545 shares and leaving the fund with 13,300 shares worth about $1,000,000, representing roughly 0.6% of its portfolio and its 10th largest holding.
• Institutional ownership of Trip.com stands at 35.41%, and several smaller funds either initiated or increased positions during the quarter.
• Wall Street's consensus is a Moderate Buy with an average price target of $77, while recent analyst actions include Citigroup raising its target to $86 and Bank of America to $85 (Barclays at $75; Benchmark trimmed to $72).

HCEP Management Ltd decreased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 89.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,300 shares of the company's stock after selling 113,545 shares during the quarter. Trip.com Group makes up about 0.6% of HCEP Management Ltd's investment portfolio, making the stock its 10th largest position. HCEP Management Ltd's holdings in Trip.com Group were worth $1,000,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Corp bought a new stake in shares of Trip.com Group during the third quarter worth $27,000. NewEdge Advisors LLC raised its holdings in shares of Trip.com Group by 384.6% in the first 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 last quarter. EverSource Wealth Advisors LLC grew its holdings in Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company's stock worth $41,000 after acquiring an additional 215 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Trip.com Group by 67.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company's stock worth $50,000 after acquiring an additional 342 shares during the last quarter. Finally, MAI Capital Management grew its holdings in Trip.com Group by 14,928.6% during the 2nd quarter. MAI Capital Management now owns 1,052 shares of the company's stock worth $62,000 after acquiring an additional 1,045 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Wall Street Analyst Weigh In

TCOM has been the subject of several research reports. Citigroup boosted their target price on shares of Trip.com Group from $85.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, November 19th. Barclays reissued an "overweight" rating and set a $75.00 price target on shares of Trip.com Group in a research note on Thursday, February 26th. Zacks Research lowered shares of Trip.com Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. Benchmark dropped their price objective on shares of Trip.com Group from $82.00 to $72.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Finally, Bank of America upped their price objective on Trip.com Group from $83.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, November 20th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $77.00.

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM opened at $54.00 on Monday. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 1-year low of $49.48 and a 1-year high of $78.99. The stock has a market capitalization of $35.28 billion, a P/E ratio of 8.06, a P/E/G ratio of 3.70 and a beta of -0.15. The business has a 50-day moving average price of $61.74 and a two-hundred day moving average price of $68.37.

Trip.com Group Profile

Trip.com Group NASDAQ: TCOM is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.

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