Trip.com Group Limited Sponsored ADR $TCOM Holdings Decreased by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC cut its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 18.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,750 shares of the company’s stock after selling 1,340 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in Trip.com Group were worth $337,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in shares of Trip.com Group by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company’s stock worth $1,444,000 after buying an additional 166 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Trip.com Group by 4.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,032 shares of the company’s stock worth $354,000 after buying an additional 235 shares during the last quarter. Prudential PLC raised its stake in Trip.com Group by 2.1% during the first quarter. Prudential PLC now owns 11,897 shares of the company’s stock worth $756,000 after acquiring an additional 244 shares during the period. Baird Financial Group Inc. raised its stake in Trip.com Group by 4.7% during the first quarter. Baird Financial Group Inc. now owns 5,828 shares of the company’s stock worth $371,000 after acquiring an additional 261 shares during the period. Finally, Townsquare Capital LLC raised its stake in Trip.com Group by 4.2% during the first quarter. Townsquare Capital LLC now owns 8,349 shares of the company’s stock worth $531,000 after acquiring an additional 338 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

TCOM has been the subject of several recent research reports. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Sanford C. Bernstein raised their target price on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Mizuho raised their target price on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Finally, Barclays increased their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat.com, Trip.com Group has an average rating of “Buy” and an average target price of $76.98.

Trip.com Group Price Performance

Shares of TCOM opened at $75.18 on Friday. The firm has a market capitalization of $49.11 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 3.09 and a beta of 0.03. 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 Limited Sponsored ADR has a one year low of $51.35 and a one year high of $78.65. The stock’s fifty day moving average is $68.93 and its 200-day moving average is $63.51.

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.