Trip.com Group Limited Sponsored ADR $TCOM Position Reduced 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, Holdings Channel reports. The firm owned 5,750 shares of the company’s stock after selling 1,340 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Trip.com Group were worth $337,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TCOM. Stone House Investment Management LLC acquired a new position in shares of Trip.com Group during the 1st quarter valued at $32,000. NewEdge Advisors LLC lifted its holdings in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Trip.com Group in the 1st quarter valued at about $58,000. Farther Finance Advisors LLC lifted its holdings in Trip.com Group by 140.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock valued at $69,000 after acquiring an additional 687 shares during the last quarter. Finally, Allianz SE lifted its holdings in Trip.com Group by 312.2% in the 1st quarter. Allianz SE now owns 1,150 shares of the company’s stock valued at $73,000 after acquiring an additional 871 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Trip.com Group Trading Up 0.3%

Trip.com Group stock opened at $75.18 on Friday. The company has a 50 day moving average price of $68.93 and a 200 day moving average price of $63.51. The firm has a market capitalization of $49.11 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 3.09 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a 52 week low of $51.35 and a 52 week high of $78.65. 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 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.