Atria Investments Inc Grows Position in Trip.com Group Limited Sponsored ADR $TCOM

Atria Investments Inc lifted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,408 shares of the company’s stock after purchasing an additional 1,123 shares during the period. Atria Investments Inc’s holdings in Trip.com Group were worth $610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. ARGA Investment Management LP increased its holdings 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 valued at $354,426,000 after buying an additional 1,763,562 shares in the last quarter. Davis Selected Advisers boosted its stake in shares of Trip.com Group by 29.8% during the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock worth $309,189,000 after acquiring an additional 1,115,836 shares in the last quarter. Cantillon Capital Management LLC grew its position 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 valued at $240,263,000 after acquiring an additional 520,438 shares during the period. Voya Investment Management LLC increased its stake in shares of Trip.com Group by 41.4% in the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock valued at $189,428,000 after purchasing an additional 872,630 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Trip.com Group by 48.7% in the 1st quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company’s stock worth $151,727,000 after purchasing an additional 781,916 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $70.27 on Monday. The firm has a 50-day simple moving average of $72.94 and a 200-day simple moving average of $65.81. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $45.91 billion and a price-to-earnings ratio of 19.25. Trip.com Group Limited Sponsored ADR has a 52 week low of $51.35 and a 52 week high of $78.65.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays increased their price target on Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Sanford C. Bernstein lifted their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Finally, 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 note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus price target of $76.98.

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.