Schroder Investment Management Group Cuts Position in Trip.com Group Limited Sponsored ADR $TCOM

Schroder Investment Management Group lowered its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,417,403 shares of the company’s stock after selling 44,409 shares during the quarter. Schroder Investment Management Group owned about 0.22% of Trip.com Group worth $106,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TCOM. First Horizon Corp purchased a new position in Trip.com Group during the 3rd quarter worth $27,000. NewEdge Advisors LLC grew its stake in shares of 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 acquiring an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after acquiring an additional 215 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Trip.com Group by 67.2% during 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 in the last quarter. Finally, MAI Capital Management raised its position 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 purchasing an additional 1,045 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Trip.com Group stock opened at $53.74 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.55. The company’s fifty day moving average price is $61.36 and its 200 day moving average price is $68.30. The stock has a market capitalization of $35.11 billion, a P/E ratio of 8.02, a P/E/G ratio of 3.70 and a beta of -0.15. Trip.com Group Limited Sponsored ADR has a 1 year low of $49.48 and a 1 year high of $78.99.

Analysts Set New Price Targets

A number of research analysts have issued reports on TCOM shares. Bank of America upped their price target on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Benchmark cut their price objective on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. TD Cowen reduced their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Weiss Ratings lowered shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

About Trip.com Group

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.