Harvest Fund Management Co. Ltd Trims Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Harvest Fund Management Co. Ltd decreased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company’s stock after selling 4,734 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Trip.com Group were worth $6,359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI raised its position in Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after purchasing an additional 321 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Trip.com Group by 28.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company’s stock worth $104,000 after purchasing an additional 360 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Trip.com Group by 6,259.0% during the first quarter. GAMMA Investing LLC now owns 2,480 shares of the company’s stock worth $158,000 after purchasing an additional 2,441 shares during the last quarter. Natixis raised its stake in shares of Trip.com Group by 13.1% during the fourth quarter. Natixis now owns 2,703 shares of the company’s stock worth $186,000 after purchasing an additional 313 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Trip.com Group by 15.0% during the first quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $179,000 after purchasing an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $63.50 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $61.26 and its 200 day moving average price is $62.38. The stock has a market cap of $41.48 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 3.09 and a beta of 0.07. Trip.com Group Limited Sponsored ADR has a 52 week low of $38.23 and a 52 week high of $77.18.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TCOM. Wall Street Zen cut Trip.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Bank of America upped their price objective on Trip.com Group from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Benchmark reiterated a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Mizuho upgraded shares of Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. Finally, TD Securities increased their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $77.25.

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.