U S Global Investors Inc. Sells 27,608 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

U S Global Investors Inc. lessened its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 18.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,993 shares of the company's stock after selling 27,608 shares during the quarter. Trip.com Group makes up 1.0% of U S Global Investors Inc.'s portfolio, making the stock its 23rd biggest position. U S Global Investors Inc.'s holdings in Trip.com Group were worth $7,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baird Financial Group Inc. bought a new position in Trip.com Group in the fourth quarter worth $382,000. Vise Technologies Inc. bought a new position in Trip.com Group in the fourth quarter worth $906,000. Raymond James Financial Inc. bought a new position in Trip.com Group in the fourth quarter worth $4,192,000. Arrowstreet Capital Limited Partnership bought a new position in Trip.com Group in the fourth quarter worth $8,297,000. Finally, SG Americas Securities LLC bought a new position in Trip.com Group in the first quarter worth $432,000. Institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Down 0.1%

NASDAQ TCOM opened at $58.67 on Friday. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.23 and a 12 month high of $77.18. The stock has a market cap of $38.33 billion, a P/E ratio of 17.01, a P/E/G ratio of 2.77 and a beta of 0.09. The stock's fifty day moving average price is $60.98 and its 200-day moving average price is $63.64. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TCOM. TD Securities increased their price objective on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, May 20th. Bank of America increased their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and a consensus target price of $77.25.

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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