Private Advisor Group LLC trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 63,021 shares of the company’s stock after selling 2,113 shares during the quarter. Private Advisor Group LLC’s holdings in Trip.com Group were worth $1,634,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Capital Analysts LLC raised its stake in Trip.com Group by 63.5% during the 2nd quarter. Capital Analysts LLC now owns 1,583 shares of the company’s stock valued at $41,000 after acquiring an additional 615 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Trip.com Group by 35.3% during the second quarter. Signaturefd LLC now owns 1,831 shares of the company’s stock worth $47,000 after purchasing an additional 478 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Trip.com Group by 40.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,883 shares of the company’s stock worth $44,000 after purchasing an additional 542 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Trip.com Group by 41.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,354 shares of the company’s stock worth $60,000 after purchasing an additional 685 shares during the period. Finally, ETF Managers Group LLC bought a new position in shares of Trip.com Group during the first quarter worth approximately $97,000. 70.31% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on TCOM. Nomura Instinet raised shares of Trip.com Group from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, May 29th. BTIG Research initiated coverage on shares of Trip.com Group in a report on Wednesday, June 10th. They issued a “neutral” rating on the stock. Bank of America dropped their target price on shares of Trip.com Group from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Nomura upgraded shares of Trip.com Group from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, May 29th. Finally, ValuEngine lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $31.90.
TCOM stock opened at $29.03 on Wednesday. The business has a 50 day moving average price of $28.76 and a 200 day moving average price of $26.50. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of -39.77 and a beta of 1.60. Trip.com Group Limited has a fifty-two week low of $20.10 and a fifty-two week high of $38.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.24.
Trip.com Group Profile
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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