Trivest Advisors Ltd Decreases Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Trivest Advisors Ltd reduced its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 39.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,000,000 shares of the company’s stock after selling 640,000 shares during the period. Trip.com Group comprises 2.3% of Trivest Advisors Ltd’s investment portfolio, making the stock its 17th largest holding. Trivest Advisors Ltd’s holdings in Trip.com Group were worth $58,640,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TCOM. ARGA Investment Management LP grew its stake in Trip.com Group by 41.2% during the second 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 period. Davis Selected Advisers grew its stake in Trip.com Group by 29.8% during the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock worth $309,189,000 after buying an additional 1,115,836 shares during the period. National Bank of Canada FI grew its stake in 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 worth $64,842,000 after buying an additional 1,019,385 shares during the period. Voya Investment Management LLC grew its stake in Trip.com Group by 41.4% during the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock worth $189,428,000 after buying an additional 872,630 shares during the period. Finally, Temasek Holdings Private Ltd acquired a new position in shares of Trip.com Group during the first quarter worth $54,568,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TCOM. Weiss Ratings reissued a “hold (c+)” rating on shares of Trip.com Group in a research report on Wednesday, October 8th. 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 research report on Thursday, August 28th. Sanford C. Bernstein boosted their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Barclays boosted their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Finally, Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.98.

Trip.com Group Trading Up 0.7%

TCOM opened at $70.49 on Thursday. The stock has a market capitalization of $46.05 billion, a PE ratio of 19.31, a P/E/G ratio of 2.79 and a beta of 0.03. The firm’s fifty day moving average price is $73.11 and its 200 day moving average price is $65.56. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33. Trip.com Group Limited Sponsored ADR has a 12-month low of $51.35 and a 12-month high of $78.65.

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.