Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Paradiem LLC

Key Points

• Paradiem LLC has significantly reduced its stake in Trip.com Group by 49.4%, holding 39,637 shares worth approximately $2.32 million after selling 38,764 shares in the second quarter.
• Several equity analysts have upgraded Trip.com Group's ratings, with targets ranging from $78.00 to $85.00, indicating strong investor confidence in the company's performance.
• Currently, Trip.com Group's stock is trading at $76.14, with a 52-week high and low of $78.65 and $51.35, respectively.

Paradiem LLC reduced its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 49.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,637 shares of the company's stock after selling 38,764 shares during the period. Paradiem LLC's holdings in Trip.com Group were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new position in Trip.com Group during the first quarter worth about $32,000. NewEdge Advisors LLC boosted its position in shares of Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock valued at $36,000 after purchasing an additional 450 shares during the period. Summit Securities Group LLC purchased a new position in shares of Trip.com Group during the first quarter worth about $58,000. Allianz SE lifted its stake in shares of Trip.com Group by 312.2% in the 1st quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after acquiring an additional 871 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Trip.com Group by 140.2% during the second quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company's stock worth $69,000 after acquiring an additional 687 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Sanford C. Bernstein upped their price objective 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. Mizuho upped their price target on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Zacks Research upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Finally, Barclays upped their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $76.98.

Trip.com Group Stock Up 0.3%

NASDAQ:TCOM opened at $76.14 on Tuesday. Trip.com Group Limited Sponsored ADR has a 52-week low of $51.35 and a 52-week high of $78.65. The company has a market cap of $49.74 billion, a PE ratio of 20.86, a PEG ratio of 3.13 and a beta of 0.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a 50-day simple moving average of $68.27 and a 200 day simple moving average of $63.29.

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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