Dimensional Fund Advisors LP Reduces Stake in Trip.com Group Limited Sponsored ADR $TCOM

Dimensional Fund Advisors LP reduced its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,378,725 shares of the company’s stock after selling 31,781 shares during the period. Dimensional Fund Advisors LP owned 0.36% of Trip.com Group worth $178,880,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on TCOM. Benchmark reduced their price objective on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 26th. 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 note on Wednesday, November 19th. Barclays reissued an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research note on Thursday, February 26th. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, TD Cowen decreased their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Trip.com Group Stock Up 3.9%

NASDAQ TCOM opened at $54.00 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $49.48 and a fifty-two week high of $78.99. The business has a 50 day moving average price of $61.74 and a two-hundred day moving average price of $68.37. The stock has a market cap of $35.28 billion, a PE ratio of 8.06, a P/E/G ratio of 3.70 and a beta of -0.15.

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.