Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 27.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,180,330 shares of the company’s stock after selling 1,184,655 shares during the period. Wellington Management Group LLP’s holdings in Trip.com Group were worth $202,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TCOM. Principal Financial Group Inc. grew its holdings in shares of Trip.com Group by 4.1% in the 1st quarter. Principal Financial Group Inc. now owns 257,077 shares of the company’s stock worth $16,345,000 after acquiring an additional 10,124 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Trip.com Group in the first quarter valued at $690,000. Cerity Partners LLC increased its position in shares of Trip.com Group by 57.8% in the first quarter. Cerity Partners LLC now owns 21,657 shares of the company’s stock valued at $1,377,000 after buying an additional 7,929 shares in the last quarter. Baird Financial Group Inc. acquired a new position in shares of Trip.com Group during the 4th quarter worth $382,000. Finally, SG Americas Securities LLC acquired a new position in shares of Trip.com Group during the 1st quarter worth $432,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. Bank of America increased their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. TD Securities lifted their price objective on Trip.com Group from $67.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Wall Street Zen lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, Mizuho upgraded Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $77.25.

Trip.com Group Stock Down 2.6%

TCOM opened at $63.18 on Thursday. Trip.com Group Limited Sponsored ADR has a 12 month low of $41.86 and a 12 month high of $77.18. The business has a 50-day moving average of $61.02 and a two-hundred day moving average of $61.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market capitalization of $41.27 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 3.11 and a beta of 0.06.

Trip.com Group 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.