Trip.com Group Limited Sponsored ADR $TCOM Stock Holdings Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 135,772 shares of the company’s stock after selling 9,054 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Trip.com Group were worth $7,962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TCOM. ARGA Investment Management LP increased its stake in shares of Trip.com Group by 41.2% in the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock valued at $354,426,000 after purchasing an additional 1,763,562 shares during the period. Davis Selected Advisers boosted its position in shares of Trip.com Group by 29.8% during the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock worth $309,189,000 after buying an additional 1,115,836 shares during the period. National Bank of Canada FI grew its holdings in Trip.com Group by 220,646.1% in the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company’s stock worth $64,842,000 after buying an additional 1,019,385 shares in the last quarter. Voya Investment Management LLC increased its position in Trip.com Group by 41.4% in the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock valued at $189,428,000 after acquiring an additional 872,630 shares during the period. Finally, Temasek Holdings Private Ltd bought a new stake in Trip.com Group during the 1st quarter valued at $54,568,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Up 4.8%

Shares of TCOM stock opened at $73.61 on Tuesday. The stock has a 50-day simple moving average of $72.93 and a 200 day simple moving average of $65.93. The stock has a market capitalization of $48.09 billion and a P/E ratio of 20.17. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $51.35 and a fifty-two week high of $78.65. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07.

Analysts Set New Price Targets

A number of research analysts have issued reports on TCOM shares. Mizuho increased their price target on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Sanford C. Bernstein upped their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Barclays raised 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 note on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $76.98.

About Trip.com Group

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.