Ramirez Asset Management Inc. Decreases Stake in Trip.com Group Limited Sponsored ADR $TCOM

Ramirez Asset Management Inc. reduced its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,427 shares of the company’s stock after selling 276 shares during the period. Ramirez Asset Management Inc.’s holdings in Trip.com Group were worth $3,309,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Trip.com Group by 4.1% during the first quarter. Principal Financial Group Inc. now owns 257,077 shares of the company’s stock worth $16,345,000 after purchasing an additional 10,124 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Trip.com Group during the first quarter valued at approximately $690,000. Cerity Partners LLC raised its holdings in Trip.com Group by 57.8% during the first quarter. Cerity Partners LLC now owns 21,657 shares of the company’s stock worth $1,377,000 after purchasing an additional 7,929 shares in the last quarter. LPL Financial LLC boosted its stake in Trip.com Group by 219.7% during the first quarter. LPL Financial LLC now owns 44,706 shares of the company’s stock valued at $2,842,000 after buying an additional 30,723 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new position in Trip.com Group during the first quarter valued at about $687,000. Institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TCOM. Mizuho upped their price target on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Sanford C. Bernstein lifted their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Zacks Research upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Barclays lifted their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Trip.com Group currently has an average rating of “Buy” and an average price target of $76.98.

Trip.com Group Stock Down 0.6%

TCOM stock opened at $71.11 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The company has a fifty day simple moving average of $69.82 and a 200 day simple moving average of $63.74. The firm has a market cap of $46.45 billion, a PE ratio of 19.48, a PEG ratio of 2.95 and a beta of 0.03.

About Trip.com Group

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.