Boston Common Asset Management LLC Sells 23,273 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Boston Common Asset Management LLC reduced its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 12.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,576 shares of the company’s stock after selling 23,273 shares during the period. Boston Common Asset Management LLC’s holdings in Trip.com Group were worth $12,376,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TCOM. First Horizon Corp acquired a new position in shares of Trip.com Group in the 3rd quarter valued at $27,000. NewEdge Advisors LLC lifted its stake in Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after buying an additional 215 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Trip.com Group by 67.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock worth $50,000 after buying an additional 342 shares during the period. Finally, MAI Capital Management increased its stake in shares of Trip.com Group by 14,928.6% in the 2nd quarter. MAI Capital Management now owns 1,052 shares of the company’s stock valued at $62,000 after acquiring an additional 1,045 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Trading Up 2.7%

NASDAQ TCOM opened at $62.10 on Thursday. Trip.com Group Limited Sponsored ADR has a 52 week low of $51.35 and a 52 week high of $78.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. The stock’s 50 day moving average price is $70.93 and its two-hundred day moving average price is $69.52. The stock has a market capitalization of $40.57 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 2.02 and a beta of -0.13.

Analysts Set New Price Targets

TCOM has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Trip.com Group in a report on Monday, December 29th. Citigroup upped their price objective on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Bank of America lifted their target price on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $81.25.

Trip.com Group Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.