Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Trivest Advisors Ltd

by · The Cerbat Gem

Trivest Advisors Ltd lowered its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM – Free Report) by 39.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,000,000 shares of the company’s stock after selling 640,000 shares during the period. Trip.com Group comprises 2.3% of Trivest Advisors Ltd’s portfolio, making the stock its 17th largest holding. Trivest Advisors Ltd owned approximately 0.15% of Trip.com Group worth $58,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ARGA Investment Management LP raised its position in Trip.com Group by 41.2% during the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock worth $354,426,000 after acquiring an additional 1,763,562 shares during the last quarter. Davis Selected Advisers grew its holdings in shares of Trip.com Group by 29.8% during the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock worth $309,189,000 after buying an additional 1,115,836 shares in the last quarter. Cantillon Capital Management LLC grew its holdings in shares of Trip.com Group by 14.6% during the second quarter. Cantillon Capital Management LLC now owns 4,097,251 shares of the company’s stock worth $240,263,000 after buying an additional 520,438 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Trip.com Group by 41.4% during the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock worth $189,428,000 after buying an additional 872,630 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Trip.com Group by 48.7% during the first quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company’s stock worth $151,727,000 after buying an additional 781,916 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Sanford C. Bernstein lifted their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Mizuho lifted their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.98.

View Our Latest Stock Report on Trip.com Group

Trip.com Group Price Performance

Trip.com Group stock opened at $70.49 on Thursday. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The firm has a 50 day moving average price of $73.11 and a 200 day moving average price of $65.56. The company has a market cap of $46.05 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.79 and a beta of 0.03. 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 Company Profile

(Free Report)

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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