Denali Advisors LLC Sells 49,025 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Denali Advisors LLC trimmed its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 82.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,559 shares of the company’s stock after selling 49,025 shares during the quarter. Denali Advisors LLC’s holdings in Trip.com Group were worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TCOM. Cambridge Investment Research Advisors Inc. bought a new position in Trip.com Group in the first quarter worth $690,000. Wealthquest Corp bought a new position in Trip.com Group in the first quarter worth $191,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Trip.com Group by 1,609.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company’s stock worth $821,514,000 after purchasing an additional 12,165,176 shares during the period. KBC Group NV lifted its position in Trip.com Group by 2.8% in the first quarter. KBC Group NV now owns 138,810 shares of the company’s stock worth $8,826,000 after purchasing an additional 3,832 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its position in Trip.com Group by 11.9% in the first quarter. Aaron Wealth Advisors LLC now owns 3,780 shares of the company’s stock worth $240,000 after purchasing an additional 403 shares during the period. 35.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TCOM shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Mizuho upped their price objective on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Sanford C. Bernstein upped their price objective on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Barclays upped their price objective on Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Trip.com Group presently has an average rating of “Buy” and an average price target of $76.98.

Trip.com Group Stock Down 0.8%

Shares of TCOM opened at $70.76 on Thursday. The company has a market capitalization of $46.23 billion, a P/E ratio of 19.39, a PEG ratio of 2.74 and a beta of 0.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33. Trip.com Group Limited Sponsored ADR has a one year low of $51.35 and a one year high of $78.65. The business’s 50 day simple moving average is $71.56 and its 200-day simple moving average is $64.24.

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.