Jupiter Asset Management Ltd. Decreases Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Jupiter Asset Management Ltd. trimmed its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 37.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TCOM. Factory Mutual Insurance Co. bought a new position in shares of Trip.com Group during the third quarter valued at $772,000. GSA Capital Partners LLP raised its position in Trip.com Group by 4.3% in the 3rd quarter. GSA Capital Partners LLP now owns 40,512 shares of the company’s stock worth $3,047,000 after buying an additional 1,688 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Trip.com Group by 20.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,033 shares of the company’s stock valued at $604,000 after acquiring an additional 1,359 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Trip.com Group by 6.6% during the 3rd quarter. HighTower Advisors LLC now owns 72,589 shares of the company’s stock valued at $5,459,000 after acquiring an additional 4,479 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Trip.com Group by 7.2% in the third quarter. Assetmark Inc. now owns 53,951 shares of the company’s stock worth $4,057,000 after acquiring an additional 3,613 shares during the period. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

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

Trip.com Group Price Performance

NASDAQ TCOM opened at $54.57 on Friday. The business’s fifty day moving average is $65.65 and its 200 day moving average is $68.95. 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 quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $35.65 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 3.85 and a beta of -0.14.

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.