WCM Investment Management LLC Has $37.88 Million Stock Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

WCM Investment Management LLC decreased its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 604,365 shares of the company's stock after selling 36,939 shares during the quarter. WCM Investment Management LLC owned about 0.09% of Trip.com Group worth $37,882,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV grew its position in Trip.com Group by 2.8% in the first quarter. KBC Group NV now owns 138,810 shares of the company's stock worth $8,826,000 after acquiring an additional 3,832 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Trip.com Group by 1,609.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock valued at $821,514,000 after purchasing an additional 12,165,176 shares during the last quarter. Wealthquest Corp acquired a new stake in shares of Trip.com Group in the 1st quarter valued at $191,000. Cambridge Investment Research Advisors Inc. acquired a new position in Trip.com Group during the first quarter worth $690,000. Finally, Deltec Asset Management LLC increased its position in Trip.com Group by 38.3% during the first quarter. Deltec Asset Management LLC now owns 6,500 shares of the company's stock worth $413,000 after buying an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Price Performance

NASDAQ TCOM traded up $0.15 during trading hours on Wednesday, reaching $59.12. 1,325,847 shares of the company's stock were exchanged, compared to its average volume of 3,916,810. The firm has a fifty day moving average of $61.09 and a 200-day moving average of $63.38. Trip.com Group Limited Sponsored ADR has a one year low of $38.23 and a one year high of $77.18. The stock has a market cap of $38.62 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 2.77 and a beta of 0.07. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. Bank of America lifted their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, TD Securities raised their target price 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. One investment 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. According to data from MarketBeat, Trip.com Group currently has an average rating of "Buy" and an average price target 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.