C WorldWide Group Holding A S Sells 7,235 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

C WorldWide Group Holding A S decreased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,301,973 shares of the company’s stock after selling 7,235 shares during the quarter. Trip.com Group comprises approximately 1.0% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 20th largest position. C WorldWide Group Holding A S’s holdings in Trip.com Group were worth $82,779,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Trip.com Group during the fourth quarter worth $4,192,000. Farther Finance Advisors LLC grew its stake in Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after purchasing an additional 510 shares during the period. Natixis Advisors LLC grew its stake in Trip.com Group by 1.3% in the 4th quarter. Natixis Advisors LLC now owns 43,103 shares of the company’s stock valued at $2,960,000 after purchasing an additional 542 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Trip.com Group by 8.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,132 shares of the company’s stock valued at $490,000 after purchasing an additional 544 shares during the period. Finally, Corient Private Wealth LLC grew its stake in Trip.com Group by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 8,761 shares of the company’s stock valued at $602,000 after purchasing an additional 304 shares during the period. Institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

TCOM has been the subject of several research reports. Benchmark reiterated a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Bank of America increased their price objective on Trip.com Group from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Mizuho raised Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. TD Securities increased their price objective on Trip.com Group from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Finally, Wall Street Zen cut Trip.com Group from a “buy” rating to a “hold” rating in a report on Saturday, April 26th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $77.25.

Trip.com Group Trading Up 1.2%

Trip.com Group stock traded up $0.78 during trading hours on Friday, reaching $63.10. The company had a trading volume of 414,100 shares, compared to its average volume of 3,901,715. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The company has a 50-day moving average price of $61.45 and a 200 day moving average price of $62.53. The firm has a market cap of $41.22 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.97 and a beta of 0.07. Trip.com Group Limited Sponsored ADR has a 12-month low of $38.23 and a 12-month high of $77.18.

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.