Trip.com Group Limited Sponsored ADR $TCOM is HCEP Management Ltd’s 5th Largest Position

HCEP Management Ltd cut its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 47.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,845 shares of the company’s stock after selling 113,155 shares during the period. Trip.com Group accounts for 6.0% of HCEP Management Ltd’s portfolio, making the stock its 5th largest holding. HCEP Management Ltd’s holdings in Trip.com Group were worth $7,438,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in Trip.com Group by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company’s stock worth $1,444,000 after purchasing an additional 166 shares during the period. TD Asset Management Inc raised its stake in shares of Trip.com Group by 14.9% in the first quarter. TD Asset Management Inc now owns 29,278 shares of the company’s stock worth $1,861,000 after buying an additional 3,789 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Trip.com Group by 28.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company’s stock valued at $104,000 after buying an additional 360 shares in the last quarter. LPL Financial LLC lifted its position in shares of Trip.com Group by 219.7% during the 1st quarter. LPL Financial LLC now owns 44,706 shares of the company’s stock valued at $2,842,000 after buying an additional 30,723 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Trip.com Group by 20.4% during the 1st quarter. Mackenzie Financial Corp now owns 718,327 shares of the company’s stock valued at $45,671,000 after acquiring an additional 121,568 shares during the period. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on TCOM shares. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday. Mizuho upped their price target on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Citigroup lifted their price objective on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Finally, Bank of America upped their target price on shares of Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Trip.com Group currently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Trip.com Group Trading Down 0.8%

TCOM stock opened at $69.72 on Thursday. Trip.com Group Limited Sponsored ADR has a 12 month low of $51.35 and a 12 month high of $78.65. The firm’s 50-day moving average is $72.49 and its 200 day moving average is $66.86. The company has a market capitalization of $45.55 billion and a PE ratio of 19.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33.

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.