Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 5.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,769 shares of the company’s stock after selling 354 shares during the period. M&T Bank Corp’s holdings in Trip.com Group were worth $367,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Trip.com Group during the 4th quarter worth about $4,192,000. Farther Finance Advisors LLC boosted its stake in shares of Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after buying an additional 510 shares during the period. Natixis Advisors LLC boosted its stake in shares of Trip.com Group by 1.3% in the 4th quarter. Natixis Advisors LLC now owns 43,103 shares of the company’s stock valued at $2,960,000 after buying an additional 542 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Trip.com Group by 8.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,132 shares of the company’s stock worth $490,000 after acquiring an additional 544 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Trip.com Group by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 8,761 shares of the company’s stock worth $602,000 after acquiring an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on TCOM shares. TD Securities lifted their price target 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. Benchmark restated a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Bank of America upped their target price on Trip.com Group from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Mizuho raised Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. Finally, Wall Street Zen downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Trip.com Group has an average rating of “Buy” and an average price target of $77.25.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $62.32 on Friday. The stock has a market cap of $40.71 billion, a PE ratio of 18.06, a PEG ratio of 2.97 and a beta of 0.07. The company’s fifty day moving average is $61.45 and its 200 day moving average is $62.53. Trip.com Group Limited Sponsored ADR has a 52 week low of $38.23 and a 52 week high of $77.18. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13.

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.