Vontobel Holding Ltd. Sells 158,306 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Vontobel Holding Ltd. has reduced its stake in Trip.com Group by 12.3%, selling 158,306 shares and now owning 1,125,117 shares valued at approximately $65.97 million.
• Several institutional investors have adjusted their positions in Trip.com, leading to a collective ownership of 35.41% in the company.
• Analyst ratings for Trip.com Group show a positive trend, with Zacks Research upgrading the stock to "strong-buy" and a consensus target price of $76.98.

Vontobel Holding Ltd. decreased its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,125,117 shares of the company's stock after selling 158,306 shares during the period. Vontobel Holding Ltd. owned 0.17% of Trip.com Group worth $65,977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cetera Investment Advisers grew its stake in shares of Trip.com Group by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock worth $1,444,000 after acquiring an additional 166 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Trip.com Group by 4.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,032 shares of the company's stock worth $354,000 after acquiring an additional 235 shares in the last quarter. Prudential PLC grew its stake in shares of Trip.com Group by 2.1% during the 1st quarter. Prudential PLC now owns 11,897 shares of the company's stock worth $756,000 after acquiring an additional 244 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Trip.com Group by 4.7% in the 1st quarter. Baird Financial Group Inc. now owns 5,828 shares of the company's stock valued at $371,000 after buying an additional 261 shares during the last quarter. Finally, Townsquare Capital LLC boosted its holdings in shares of Trip.com Group by 4.2% in the 1st quarter. Townsquare Capital LLC now owns 8,349 shares of the company's stock valued at $531,000 after buying an additional 338 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

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

Trip.com Group Stock Down 0.1%

Shares of NASDAQ TCOM opened at $71.55 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group Limited Sponsored ADR has a 52 week low of $51.35 and a 52 week high of $78.65. The stock has a market capitalization of $46.74 billion, a P/E ratio of 19.60, a PEG ratio of 2.96 and a beta of 0.03. The stock's fifty day moving average is $69.63 and its 200 day moving average is $63.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.