Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Whittier Trust Co.

Key Points

• Whittier Trust Co. significantly reduced its holdings in Trip.com Group by 88.2%, selling 29,161 shares and leaving it with a total of 3,906 shares valued at $229,000.
• Several hedge funds have increased their positions in Trip.com Group, with Mirae Asset Global Investments notably raising its stake by 1,609.6%, accumulating shares worth $821 million.
• Equities analysts have upgraded Trip.com Group, resulting in a consensus rating of "Buy" and an average price target of $76.98, with some firms raising their targets to as high as $85.

Whittier Trust Co. trimmed its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 88.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,906 shares of the company's stock after selling 29,161 shares during the period. Whittier Trust Co.'s holdings in Trip.com Group were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TCOM. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Trip.com Group by 1,609.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock valued at $821,514,000 after acquiring an additional 12,165,176 shares during the period. Davis Selected Advisers increased its position in shares of Trip.com Group by 29.8% in the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock valued at $309,189,000 after acquiring an additional 1,115,836 shares during the period. National Bank of Canada FI increased its position in shares of Trip.com Group by 220,646.1% in the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company's stock valued at $64,842,000 after acquiring an additional 1,019,385 shares during the period. Voya Investment Management LLC increased its position in shares of Trip.com Group by 41.4% in the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company's stock valued at $189,428,000 after acquiring an additional 872,630 shares during the period. Finally, Temasek Holdings Private Ltd acquired a new position in shares of Trip.com Group in the 1st quarter valued at $54,568,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TCOM shares. Zacks Research raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Weiss Ratings reissued a "hold (c+)" rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Mizuho upped their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Barclays upped their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, Sanford C. Bernstein upped their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $76.98.

Trip.com Group Trading Up 2.4%

TCOM stock opened at $72.79 on Friday. The company's 50-day simple moving average is $71.98 and its 200-day simple moving average is $64.50. 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 firm has a market cap of $47.55 billion, a P/E ratio of 19.94, a PEG ratio of 2.73 and a beta of 0.03.

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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