Jupiter Asset Management Ltd. Reduces Stake in Trip.com Group Limited Sponsored ADR $TCOM

Jupiter Asset Management Ltd. cut its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 37.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,502 shares of the company’s stock after selling 39,088 shares during the period. Jupiter Asset Management Ltd.’s holdings in Trip.com Group were worth $5,001,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TCOM. Royal Bank of Canada increased its position in Trip.com Group by 22.9% during the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock valued at $2,068,000 after purchasing an additional 6,062 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Trip.com Group by 332.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock valued at $2,549,000 after purchasing an additional 30,819 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Trip.com Group by 11.0% during the second quarter. Asset Management One Co. Ltd. now owns 116,423 shares of the company’s stock valued at $6,827,000 after buying an additional 11,539 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its stake in Trip.com Group by 167.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 13,695 shares of the company’s stock worth $803,000 after buying an additional 8,569 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Down 1.4%

Trip.com Group stock opened at $54.57 on Friday. Trip.com Group Limited Sponsored ADR has a 12 month low of $51.35 and a 12 month high of $78.99. The company has a market capitalization of $35.65 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 3.85 and a beta of -0.14. The business’s fifty day simple moving average is $65.65 and its two-hundred day simple moving average is $68.95. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TCOM shares. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Barclays increased their price objective on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 19th. Benchmark boosted their target price on shares of Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, Citigroup increased their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $81.25.

Trip.com Group Company Profile

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.