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

AdvisorShares Investments LLC reduced its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 86.3% during the third quarter, Holdings Channel reports. The firm owned 1,947 shares of the company’s stock after selling 12,236 shares during the period. AdvisorShares Investments LLC’s holdings in Trip.com Group were worth $146,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. ARGA Investment Management LP grew its position in Trip.com Group by 41.2% in 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 last quarter. Norges Bank acquired a new stake in shares of Trip.com Group during the 2nd quarter valued at $45,205,000. Cantillon Capital Management LLC boosted its stake in shares of Trip.com Group by 14.6% during the 2nd quarter. Cantillon Capital Management LLC now owns 4,097,251 shares of the company’s stock worth $240,263,000 after acquiring an additional 520,438 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Trip.com Group by 45.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,273,369 shares of the company’s stock worth $74,670,000 after acquiring an additional 398,470 shares during the last quarter. Finally, Ardmore Road Asset Management LP acquired a new stake in shares of Trip.com Group during the second quarter worth $20,524,000. 35.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Trip.com Group Trading Up 3.6%

NASDAQ:TCOM opened at $59.40 on Monday. 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. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $51.35 and a fifty-two week high of $78.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48. The stock’s 50-day moving average is $68.57 and its two-hundred day moving average is $69.46.

Trip.com Group 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.