Ramirez Asset Management Inc. Has $3.61 Million Position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Ramirez Asset Management Inc. reduced its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,703 shares of the company’s stock after selling 2,900 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Trip.com Group were worth $3,605,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in shares of Trip.com Group by 0.7% during the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company’s stock worth $1,444,000 after buying an additional 166 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Trip.com Group by 4.3% in the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock valued at $367,000 after buying an additional 219 shares in the last quarter. Natixis increased its stake in shares of Trip.com Group by 13.1% in the fourth quarter. Natixis now owns 2,703 shares of the company’s stock valued at $186,000 after buying an additional 313 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after buying an additional 321 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Trip.com Group by 28.3% in the first 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. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Down 1.4%

NASDAQ TCOM opened at $63.50 on Tuesday. The stock has a 50-day simple moving average of $61.26 and a 200 day simple moving average of $62.38. The company has a market capitalization of $41.48 billion, a PE ratio of 18.41, a P/E/G ratio of 3.09 and a beta of 0.07. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.23 and a 12 month high of $77.18.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TCOM shares. Wall Street Zen lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. TD Securities boosted their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Benchmark restated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, May 20th. Mizuho upgraded shares of Trip.com Group to a “strong-buy” rating in a research report on Friday, May 2nd. Finally, Bank of America boosted their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Buy” and a consensus 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.