Ritholtz Wealth Management Has $784,000 Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Ritholtz Wealth Management lessened its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 23.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,375 shares of the company’s stock after selling 4,035 shares during the quarter. Ritholtz Wealth Management’s holdings in Trip.com Group were worth $784,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TCOM. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Trip.com Group by 1,609.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company’s stock valued at $821,514,000 after acquiring an additional 12,165,176 shares during the period. Davis Selected Advisers lifted its stake in shares of Trip.com Group by 29.8% during the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock valued at $309,189,000 after acquiring an additional 1,115,836 shares during the period. National Bank of Canada FI lifted its stake in shares of Trip.com Group by 220,646.1% during the first quarter. National Bank of Canada FI now owns 1,019,847 shares of the company’s stock valued at $64,842,000 after acquiring an additional 1,019,385 shares during the period. Voya Investment Management LLC lifted its stake in Trip.com Group by 41.4% in the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock valued at $189,428,000 after buying an additional 872,630 shares during the period. Finally, Temasek Holdings Private Ltd acquired a new position in Trip.com Group in the first quarter valued at about $54,568,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

TCOM has been the topic of several analyst reports. Barclays increased their target price on Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Mizuho increased 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, Sanford C. Bernstein increased 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Buy” and a consensus price target of $76.98.

Trip.com Group Stock Down 0.1%

Shares of Trip.com Group stock opened at $70.14 on Friday. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The business has a 50-day moving average of $70.91 and a two-hundred day moving average of $64.02. The company has a market capitalization of $45.82 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 2.89 and a beta of 0.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33.

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.