Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 45.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,535 shares of the company's stock after selling 5,479 shares during the period. Rhumbline Advisers' holdings in Trip.com Group were worth $415,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Trip.com Group by 4.1% in the first quarter. Principal Financial Group Inc. now owns 257,077 shares of the company's stock valued at $16,345,000 after buying an additional 10,124 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Trip.com Group during the first quarter valued at approximately $690,000. Cerity Partners LLC raised its stake in shares of Trip.com Group by 57.8% during the first quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock valued at $1,377,000 after purchasing an additional 7,929 shares during the period. LPL Financial LLC raised its stake in shares of Trip.com Group by 219.7% during the first quarter. LPL Financial LLC now owns 44,706 shares of the company's stock valued at $2,842,000 after purchasing an additional 30,723 shares during the period. Finally, Ground Swell Capital LLC purchased a new stake in shares of Trip.com Group during the first quarter valued at approximately $687,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Ratings Changes

TCOM has been the topic of a number of analyst reports. Zacks Research upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Sanford C. Bernstein lifted their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Barclays lifted their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Finally, Mizuho lifted their price objective on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $76.98.

Trip.com Group Stock Performance

Shares of TCOM opened at $76.55 on Thursday. Trip.com Group Limited Sponsored ADR has a 1 year low of $50.42 and a 1 year high of $78.65. The company has a market cap of $50.01 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 3.17 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 firm has a fifty day moving average of $67.50 and a 200-day moving average of $62.97.

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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