Trip.com Group Limited Sponsored ADR $TCOM is Green Court Capital Management Ltd’s 3rd Largest Position

Green Court Capital Management Ltd lessened its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 67.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,689 shares of the company’s stock after selling 537,911 shares during the period. Trip.com Group comprises approximately 10.2% of Green Court Capital Management Ltd’s investment portfolio, making the stock its 3rd largest holding. Green Court Capital Management Ltd’s holdings in Trip.com Group were worth $15,491,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TCOM. ARGA Investment Management LP boosted its holdings 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 buying an additional 1,763,562 shares in the last quarter. Davis Selected Advisers raised its position in shares of Trip.com Group by 1.8% in the second quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock worth $290,237,000 after acquiring an additional 86,471 shares during the period. Cantillon Capital Management LLC boosted its stake in shares of Trip.com Group by 14.6% during the 2nd quarter. Cantillon Capital Management LLC now owns 4,097,251 shares of the company’s stock worth $240,263,000 after acquiring an additional 520,438 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Trip.com Group by 41.4% during the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock valued at $189,428,000 after acquiring an additional 872,630 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Trip.com Group by 48.7% during the 1st quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company’s stock valued at $151,727,000 after acquiring an additional 781,916 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup increased their price target on Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday. Mizuho lifted their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Bank of America increased their price objective on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday. Finally, Benchmark boosted their target price on shares of Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Trip.com Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

Trip.com Group Trading Up 0.0%

Shares of TCOM opened at $72.45 on Thursday. 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 cap of $47.33 billion and a PE ratio of 19.85. The firm’s fifty day moving average is $73.02 and its two-hundred day moving average is $66.56. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07.

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.