US Bancorp DE Sells 28,551 Shares of Trip.com Group Limited Sponsored ADR $TCOM

US Bancorp DE cut its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 71.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,662 shares of the company's stock after selling 28,551 shares during the quarter. US Bancorp DE's holdings in Trip.com Group were worth $684,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Trip.com Group by 6,259.0% in the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock worth $158,000 after purchasing an additional 2,441 shares during the period. SG Americas Securities LLC bought a new position in Trip.com Group in the 1st quarter worth approximately $432,000. Blue Trust Inc. boosted its stake in Trip.com Group by 83.7% in the 1st quarter. Blue Trust Inc. now owns 4,364 shares of the company's stock worth $277,000 after purchasing an additional 1,988 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Trip.com Group in the 1st quarter worth approximately $690,000. Finally, Wealthquest Corp bought a new position in Trip.com Group in the 1st quarter worth approximately $191,000. 35.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TCOM shares. Barclays upped their price target on Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Mizuho upped their price target on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Weiss Ratings restated a "hold (c+)" rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Zacks Research upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Finally, Sanford C. Bernstein increased their target price on Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research 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 assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $76.98.

Trip.com Group Stock Down 0.1%

NASDAQ TCOM opened at $70.14 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $45.82 billion, a P/E ratio of 19.22, a P/E/G ratio of 2.89 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a one year low of $51.35 and a one year high of $78.65. The stock has a 50 day moving average price of $70.91 and a 200-day moving average price of $64.04.

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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