Victory Capital Management Inc. Reduces Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Victory Capital Management Inc. trimmed its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 63.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,923 shares of the company's stock after selling 389,166 shares during the period. Victory Capital Management Inc.'s holdings in Trip.com Group were worth $14,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. National Bank of Canada FI boosted its stake in shares of Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after purchasing an additional 321 shares during the last quarter. GAMMA Investing LLC increased its stake in Trip.com Group by 6,259.0% during the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock valued at $158,000 after buying an additional 2,441 shares during the period. Natixis grew its stake in shares of Trip.com Group by 13.1% in the 4th quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after purchasing an additional 313 shares during the last quarter. CWM LLC boosted its holdings in shares of Trip.com Group by 15.0% during the first quarter. CWM LLC now owns 2,810 shares of the company's stock worth $179,000 after purchasing an additional 366 shares during the period. Finally, Wealthquest Corp acquired a new stake in Trip.com Group in the first quarter valued at approximately $191,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several research reports. TD Securities upped their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Bank of America boosted their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Finally, Benchmark restated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Stock Performance

Shares of TCOM stock traded down $0.11 during trading on Friday, hitting $64.43. The company's stock had a trading volume of 1,194,082 shares, compared to its average volume of 3,563,980. Trip.com Group Limited Sponsored ADR has a 52 week low of $38.23 and a 52 week high of $77.18. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $61.34 and a 200-day moving average of $62.42. The company has a market cap of $42.09 billion, a PE ratio of 18.68, a P/E/G ratio of 3.09 and a beta of 0.07.

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.