Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Trip.com Group by 27.1%, selling over 1.1 million shares during the first quarter, now owning approximately 3.18 million shares valued at $202.2 million.
• Multiple institutional investors made notable changes to their positions in Trip.com Group, with Allianz SE increasing its stake by 312.2% during the same period.
• Analysts have differing views on the company's stock, with TD Securities raising the target price from $67 to $73 and maintaining a "buy" rating, while Wall Street Zen downgraded the stock from "buy" to "hold."

Wellington Management Group LLP lessened its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 27.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,180,330 shares of the company's stock after selling 1,184,655 shares during the quarter. Wellington Management Group LLP owned about 0.49% of Trip.com Group worth $202,205,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TCOM. Stone House Investment Management LLC acquired a new stake in shares of Trip.com Group in the first quarter valued at approximately $32,000. Summit Securities Group LLC acquired a new stake in Trip.com Group during the 1st quarter worth $58,000. Allianz SE grew its position in Trip.com Group by 312.2% during the 1st quarter. Allianz SE now owns 1,150 shares of the company's stock worth $73,000 after purchasing an additional 871 shares during the last quarter. Brooklyn Investment Group increased its stake in Trip.com Group by 239.5% in the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock valued at $78,000 after purchasing an additional 867 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Trip.com Group by 28.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

TCOM has been the subject of several recent research reports. TD Securities increased their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Bank of America increased 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. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Stock Down 2.6%

TCOM opened at $63.18 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. Trip.com Group Limited Sponsored ADR has a 12 month low of $41.86 and a 12 month high of $77.18. The stock has a market capitalization of $41.27 billion, a P/E ratio of 18.31, a P/E/G ratio of 3.11 and a beta of 0.06. The business has a 50 day simple moving average of $61.02 and a 200-day simple moving average of $61.68.

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.

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