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

Vontobel Holding Ltd. reduced its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 12.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,125,117 shares of the company’s stock after selling 158,306 shares during the quarter. Vontobel Holding Ltd.’s holdings in Trip.com Group were worth $65,977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TCOM. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Trip.com Group by 1,609.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company’s stock worth $821,514,000 after acquiring an additional 12,165,176 shares during the period. Davis Selected Advisers lifted its stake in shares of Trip.com Group by 29.8% in the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock worth $309,189,000 after acquiring an additional 1,115,836 shares during the period. Voya Investment Management LLC lifted its stake in shares of Trip.com Group by 41.4% in the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock worth $189,428,000 after acquiring an additional 872,630 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Trip.com Group by 48.7% in the first quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company’s stock worth $151,727,000 after acquiring an additional 781,916 shares during the period. Finally, Kontiki Capital Management HK Ltd. lifted its stake in shares of Trip.com Group by 3.4% in the first quarter. Kontiki Capital Management HK Ltd. now owns 1,929,847 shares of the company’s stock worth $122,700,000 after acquiring an additional 63,407 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

Shares of TCOM opened at $71.55 on Thursday. The stock’s 50-day simple moving average is $69.63 and its 200 day simple moving average is $63.69. The stock has a market capitalization of $46.74 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.96 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 Limited Sponsored ADR has a 52-week low of $51.35 and a 52-week high of $78.65.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TCOM shares. Sanford C. Bernstein boosted their price target on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” 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 report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Finally, Barclays upped their price target on Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Trip.com Group currently has a consensus rating of “Buy” and a consensus target price of $76.98.

Trip.com Group Company 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.