Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd cut its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 77.5% during the second quarter, HoldingsChannel.com reports. The firm owned 24,500 shares of the company’s stock after selling 84,600 shares during the period. Hel Ved Capital Management Ltd’s holdings in Trip.com Group were worth $1,437,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TCOM. Cetera Investment Advisers increased its position in Trip.com Group by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company’s stock valued at $1,444,000 after buying an additional 166 shares in the last quarter. Legacy Wealth Asset Management LLC increased its holdings in shares of Trip.com Group by 2.1% during the second quarter. Legacy Wealth Asset Management LLC now owns 8,934 shares of the company’s stock valued at $524,000 after acquiring an additional 184 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Trip.com Group by 1.7% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 10,958 shares of the company’s stock valued at $643,000 after purchasing an additional 185 shares during the last quarter. Blair William & Co. IL boosted its stake in Trip.com Group by 3.9% in the 2nd quarter. Blair William & Co. IL now owns 5,398 shares of the company’s stock worth $317,000 after purchasing an additional 205 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Trip.com Group by 4.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,032 shares of the company’s stock worth $354,000 after purchasing an additional 235 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $70.30 on Wednesday. The stock has a market cap of $45.92 billion and a PE ratio of 19.26. Trip.com Group Limited Sponsored ADR has a 52-week low of $51.35 and a 52-week high of $78.65. The business has a 50-day simple moving average of $72.63 and a 200-day simple moving average of $66.84. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

TCOM has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Trip.com Group in a report on Monday. Citigroup boosted their price target on Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Bank of America increased their price objective on Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Sanford C. Bernstein lifted their target price on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Barclays increased their price target on shares of Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 19th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Trip.com Group Company 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.