Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Stock Position Lessened by Trivest Advisors Ltd

Key Points

• Trivest Advisors Ltd has decreased its holdings in Trip.com Group to 1,640,000 shares, representing an ownership of 8.8% of the company after selling 17,000 shares in the first quarter.
• Several hedge funds have increased their positions in Trip.com Group, with Mackenzie Financial Corp notably boosting its holdings by 20.4%.
• Investment analysts show a consensus rating of "Buy" for Trip.com Group, with target prices ranging from $70.00 to $80.00, highlighting growing confidence in the stock.

Trivest Advisors Ltd reduced its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,640,000 shares of the company's stock after selling 17,000 shares during the period. Trip.com Group comprises approximately 8.8% of Trivest Advisors Ltd's portfolio, making the stock its 3rd largest position. Trivest Advisors Ltd owned approximately 0.25% of Trip.com Group worth $104,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. National Bank of Canada FI increased its stake in Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares during the period. 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. GAMMA Investing LLC increased its stake in Trip.com Group by 6,259.0% in the first quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock valued at $158,000 after purchasing an additional 2,441 shares during the period. CWM LLC increased its stake in Trip.com Group by 15.0% in the first quarter. CWM LLC now owns 2,810 shares of the company's stock valued at $179,000 after purchasing an additional 366 shares during the period. Finally, Natixis increased its stake in Trip.com Group by 13.1% in the fourth quarter. Natixis now owns 2,703 shares of the company's stock valued at $186,000 after purchasing an additional 313 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

TCOM traded down $1.49 on Friday, hitting $60.46. 1,455,712 shares of the company were exchanged, compared to its average volume of 3,507,824. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46. The business's fifty day moving average is $61.26 and its 200 day moving average is $62.37. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a market capitalization of $39.50 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 2.96 and a beta of 0.07.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Bank of America lifted their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. TD Securities lifted their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus 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.