Trip.com Group Limited Sponsored ADR $TCOM Stake Lowered by AdvisorShares Investments LLC

AdvisorShares Investments LLC trimmed its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 86.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,947 shares of the company’s stock after selling 12,236 shares during the quarter. AdvisorShares Investments LLC’s holdings in Trip.com Group were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in TCOM. ARGA Investment Management LP grew its stake in Trip.com Group by 41.2% during the 2nd quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock worth $354,426,000 after buying an additional 1,763,562 shares during the last quarter. Davis Selected Advisers boosted its holdings in shares of Trip.com Group by 1.8% during the second quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock valued at $290,237,000 after acquiring an additional 86,471 shares during the period. Cantillon Capital Management LLC grew its position in shares of Trip.com Group by 12.4% during the third quarter. Cantillon Capital Management LLC now owns 4,606,141 shares of the company’s stock worth $346,382,000 after acquiring an additional 508,890 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Trip.com Group by 19.6% during the third quarter. Federated Hermes Inc. now owns 1,523,068 shares of the company’s stock worth $114,535,000 after acquiring an additional 249,699 shares during the last quarter. Finally, Amundi increased its holdings in shares of Trip.com Group by 10.1% in the 2nd quarter. Amundi now owns 1,513,936 shares of the company’s stock worth $89,504,000 after acquiring an additional 138,315 shares during the period. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 3.6%

Shares of TCOM stock opened at $59.40 on Monday. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. The business’s fifty day moving average is $68.57 and its 200-day moving average is $69.46. The stock has a market cap of $38.80 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 4.19 and a beta of -0.14.

Analysts Set New Price Targets

A number of research firms have issued reports on TCOM. Barclays boosted their target price on shares of Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 19th. Citigroup lifted their price target on Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Bank of America increased their price objective on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, Trip.com Group currently has a consensus rating of “Buy” and an average target price of $81.25.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.