Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 40.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,355 shares of the company’s stock after selling 15,713 shares during the quarter. William Blair Investment Management LLC’s holdings in Trip.com Group were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new position in shares of Trip.com Group during the 1st quarter valued at about $32,000. NewEdge Advisors LLC boosted its position in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Trip.com Group during the 1st quarter valued at about $58,000. Farther Finance Advisors LLC lifted its position in Trip.com Group by 140.2% in the second quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock valued at $69,000 after buying an additional 687 shares during the last quarter. Finally, Allianz SE lifted its position in Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company’s stock valued at $73,000 after buying an additional 871 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Up 1.8%

Shares of NASDAQ:TCOM opened at $71.38 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $46.63 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.89 and a beta of 0.03. The firm’s 50-day moving average is $71.14 and its two-hundred day moving average is $64.15. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65.

Wall Street Analyst Weigh In

A number of research analysts have commented on TCOM shares. Zacks Research raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Barclays upped their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Sanford C. Bernstein upped their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Trip.com Group in a research report on Wednesday, October 8th. Finally, Mizuho upped their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $76.98.

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.