Wellington Management Group LLP Lowers Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

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 decreased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 27.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCOM. Northern Trust Corp raised its holdings in Trip.com Group by 32.6% in the first quarter. Northern Trust Corp now owns 747,772 shares of the company's stock worth $47,543,000 after purchasing an additional 183,640 shares in the last quarter. Brooklyn Investment Group raised its holdings in Trip.com Group by 239.5% in the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock worth $78,000 after purchasing an additional 867 shares in the last quarter. Summit Securities Group LLC bought a new position in Trip.com Group in the first quarter worth $58,000. Ethic Inc. raised its holdings in Trip.com Group by 3.7% in the first quarter. Ethic Inc. now owns 36,760 shares of the company's stock worth $2,322,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Aberdeen Group plc raised its holdings in Trip.com Group by 1,265.5% in the first quarter. Aberdeen Group plc now owns 404,153 shares of the company's stock worth $25,472,000 after purchasing an additional 374,555 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

NASDAQ:TCOM traded down $1.00 on Tuesday, hitting $64.93. The stock had a trading volume of 2,166,668 shares, compared to its average volume of 3,025,209. The stock has a market cap of $42.42 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 3.16 and a beta of 0.06. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $61.37 and its two-hundred day simple moving average is $61.48. Trip.com Group Limited Sponsored ADR has a 52-week low of $45.11 and a 52-week high of $77.18.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Benchmark restated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. TD Securities increased their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Bank of America increased their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, Trip.com Group presently has an average rating of "Buy" and an average target price of $77.25.

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.