State of New Jersey Common Pension Fund D Decreases Position in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Trip.com Group by 5.4%, holding 151,297 shares valued at approximately $9.6 million after selling 8,708 shares.
• Analysts have set new price targets for Trip.com Group, with Bank of America raising its target to $70 and Benchmark issuing a target of $80, indicating a generally positive outlook for the stock.
• As of the latest reports, Trip.com Group has a market cap of $40.74 billion and a consensus target price of $77.25, with a majority of analysts giving it a "buy" rating.

State of New Jersey Common Pension Fund D cut its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,297 shares of the company's stock after selling 8,708 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Trip.com Group were worth $9,619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new position in Trip.com Group during the first quarter worth $32,000. Allianz SE raised its holdings in shares of Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after acquiring an additional 871 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Trip.com Group by 28.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock worth $104,000 after acquiring an additional 360 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Trip.com Group by 6,259.0% in the first quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock worth $158,000 after acquiring an additional 2,441 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Trip.com Group by 15.0% in the first quarter. CWM LLC now owns 2,810 shares of the company's stock worth $179,000 after acquiring an additional 366 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Down 2.6%

TCOM stock traded down $1.68 during trading on Wednesday, reaching $63.18. 2,384,113 shares of the stock traded hands, compared to its average volume of 2,877,197. The business's 50 day moving average price is $60.98 and its 200-day moving average price is $61.67. Trip.com Group Limited Sponsored ADR has a 52-week low of $41.86 and a 52-week high of $77.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $41.27 billion, a PE ratio of 19.83, a P/E/G ratio of 3.11 and a beta of 0.06.

Analysts Set New Price Targets

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

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.