Trip.com Group Limited Sponsored ADR $TCOM Position Cut by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 1.7% during the 2nd quarter, Holdings Channel reports. The fund owned 859,295 shares of the company’s stock after selling 14,600 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Trip.com Group were worth $50,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in shares of Trip.com Group during the first quarter valued at $32,000. NewEdge Advisors LLC grew its position in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Trip.com Group by 67.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock valued at $50,000 after buying an additional 342 shares during the period. Summit Securities Group LLC bought a new stake in shares of Trip.com Group during the 1st quarter worth about $58,000. Finally, MAI Capital Management raised its position in shares of Trip.com Group by 14,928.6% during the 2nd quarter. MAI Capital Management now owns 1,052 shares of the company’s stock worth $62,000 after buying an additional 1,045 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a report on Monday. Benchmark increased their price target on Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Sanford C. Bernstein lifted their price target on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Bank of America raised their target price on Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.25.

Trip.com Group Trading Up 0.1%

Trip.com Group stock opened at $69.76 on Friday. The firm has a market cap of $45.57 billion and a price-to-earnings ratio of 19.11. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The firm’s 50 day moving average price is $72.15 and its two-hundred day moving average price is $66.91. 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

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.