Northwest & Ethical Investments L.P. Trims Stake in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Northwest & Ethical Investments L.P. reduced its holdings in Trip.com Group by 31.3%, selling 25,299 shares and bringing its total ownership to 55,501 shares valued at approximately $3.53 million.
• Several hedge funds increased their positions in Trip.com Group, with Mirae Asset Global Investments leading by lifting its holdings by 1,609.6%, owning nearly 12.92 million shares valued at $821.51 million.
• Analyst ratings for Trip.com Group are mixed, with one hold rating, ten buy ratings, and two strong buy ratings, and a current consensus price target of $77.25.

Northwest & Ethical Investments L.P. lowered its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 31.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,501 shares of the company's stock after selling 25,299 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Trip.com Group were worth $3,529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TCOM. Cetera Investment Advisers boosted its holdings in Trip.com Group by 0.7% in the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock valued at $1,444,000 after purchasing an additional 166 shares during the period. Prudential PLC increased its position in shares of Trip.com Group by 2.1% during the first quarter. Prudential PLC now owns 11,897 shares of the company's stock worth $756,000 after purchasing an additional 244 shares in the last quarter. Natixis increased its position in shares of 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 purchasing an additional 313 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Trip.com Group by 4.2% during the first quarter. Townsquare Capital LLC now owns 8,349 shares of the company's stock worth $531,000 after purchasing an additional 338 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Trip.com Group by 28.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock worth $104,000 after purchasing an additional 360 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TCOM shares. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. TD Securities boosted their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. Finally, Bank of America boosted their price target on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded down $1.68 during trading on Wednesday, hitting $63.18. 2,384,113 shares of the stock were exchanged, compared to its average volume of 2,877,197. The company has a fifty day moving average price of $61.02 and a two-hundred day moving average price of $61.68. The company has a market cap of $41.27 billion, a PE ratio of 18.31, a P/E/G ratio of 3.11 and a beta of 0.06. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a 12-month low of $41.86 and a 12-month high of $77.18.

Trip.com Group 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.