Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 75.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 296,397 shares of the company’s stock after selling 918,666 shares during the quarter. American Century Companies Inc.’s holdings in Trip.com Group were worth $22,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC grew its holdings in Trip.com Group by 2.1% in the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock valued at $523,000 after purchasing an additional 176 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of Trip.com Group by 1.7% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 10,958 shares of the company’s stock valued at $643,000 after buying an additional 185 shares during the period. EverSource Wealth Advisors LLC increased its holdings 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 during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Trip.com Group by 26.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,226 shares of the company’s stock worth $92,000 after buying an additional 253 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Trip.com Group by 12.0% in the third quarter. Smartleaf Asset Management LLC now owns 2,599 shares of the company’s stock valued at $198,000 after acquiring an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Bank of America upped their price target on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Benchmark decreased their target price 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. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Citigroup lifted their price target 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. Finally, Barclays reiterated an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Trip.com Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Trip.com Group Stock Down 0.5%

Shares of NASDAQ:TCOM opened at $53.74 on Tuesday. The company has a market capitalization of $35.11 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 3.70 and a beta of -0.15. The company has a 50 day moving average of $61.36 and a two-hundred day moving average of $68.30. Trip.com Group Limited Sponsored ADR has a 52-week low of $49.48 and a 52-week high of $78.99. 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 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.