China Universal Asset Management Co. Ltd. Lowers Position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

China Universal Asset Management Co. Ltd. cut its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 18.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 43,000 shares of the company’s stock after selling 9,830 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Trip.com Group were worth $2,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TCOM. Atria Investments Inc lifted its holdings in Trip.com Group by 111.8% in the fourth quarter. Atria Investments Inc now owns 8,281 shares of the company’s stock worth $569,000 after buying an additional 4,372 shares during the period. M&T Bank Corp grew its stake in Trip.com Group by 62.6% in the fourth quarter. M&T Bank Corp now owns 6,123 shares of the company’s stock worth $420,000 after purchasing an additional 2,358 shares during the period. Raymond James Financial Inc. purchased a new stake in Trip.com Group in the fourth quarter worth $4,192,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Trip.com Group in the fourth quarter worth $121,000. Finally, Amundi grew its stake in Trip.com Group by 203.2% in the fourth quarter. Amundi now owns 996,123 shares of the company’s stock worth $64,648,000 after purchasing an additional 667,589 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $61.46 on Tuesday. The company has a 50 day simple moving average of $61.21 and a two-hundred day simple moving average of $62.94. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.77 and a beta of 0.07.

Wall Street Analysts Forecast Growth

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

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.