WCM Investment Management LLC lowered its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 13.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 521,186 shares of the company's stock after selling 83,179 shares during the period. WCM Investment Management LLC owned approximately 0.08% of Trip.com Group worth $30,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. TD Asset Management Inc increased its holdings in shares of Trip.com Group by 15.4% during the 2nd quarter. TD Asset Management Inc now owns 33,789 shares of the company's stock worth $1,981,000 after buying an additional 4,511 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Trip.com Group by 4.9% during the 2nd quarter. Yousif Capital Management LLC now owns 10,776 shares of the company's stock worth $632,000 after buying an additional 505 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Trip.com Group by 25.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,251 shares of the company's stock worth $836,000 after buying an additional 2,920 shares during the last quarter. U S Global Investors Inc. increased its holdings in shares of Trip.com Group by 11.4% during the 2nd quarter. U S Global Investors Inc. now owns 134,738 shares of the company's stock worth $7,901,000 after buying an additional 13,745 shares during the last quarter. Finally, PDS Planning Inc acquired a new stake in shares of Trip.com Group during the 2nd quarter worth approximately $240,000. Institutional investors and hedge funds own 35.41% of the company's stock.
Trip.com Group Stock Performance
Shares of TCOM stock opened at $69.81 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 52 week low of $51.35 and a 52 week high of $78.65. The stock has a market capitalization of $45.60 billion, a PE ratio of 19.13, a P/E/G ratio of 2.90 and a beta of 0.03. The firm has a 50 day moving average of $70.52 and a two-hundred day moving average of $63.92.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Mizuho increased their price objective on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Zacks Research raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Sanford C. Bernstein increased their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Barclays increased their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $76.98.
Check Out Our Latest Research Report on Trip.com Group
Trip.com Group Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Trip.com Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trip.com Group wasn't on the list.
While Trip.com Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
