Trip.com Group Limited Sponsored ADR $TCOM Stake Reduced by WCM Investment Management LLC

WCM Investment Management LLC decreased its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 99.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,186 shares of the company’s stock after selling 518,000 shares during the period. WCM Investment Management LLC’s holdings in Trip.com Group were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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. Davis Selected Advisers grew its holdings in shares of Trip.com Group by 1.8% in the 2nd quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock worth $290,237,000 after acquiring an additional 86,471 shares during the last quarter. Cantillon Capital Management LLC lifted its holdings in shares of Trip.com Group by 12.4% during the third quarter. Cantillon Capital Management LLC now owns 4,606,141 shares of the company’s stock valued at $346,382,000 after purchasing an additional 508,890 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Trip.com Group by 19.6% in the 3rd quarter. Federated Hermes Inc. now owns 1,523,068 shares of the company’s stock valued at $114,535,000 after purchasing an additional 249,699 shares during the period. Finally, Amundi raised its holdings in Trip.com Group by 10.1% during the 2nd quarter. Amundi now owns 1,513,936 shares of the company’s stock worth $89,504,000 after buying an additional 138,315 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Down 2.5%

TCOM opened at $60.48 on Wednesday. The company has a market capitalization of $39.51 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 4.38 and a beta of -0.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48. 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 business has a 50-day moving average of $69.28 and a 200-day moving average of $69.58.

Analyst Upgrades and Downgrades

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

Trip.com Group Company 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.