Dorsey Wright & Associates Sells 10,210 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Dorsey Wright & Associates lowered its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 38.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 16,322 shares of the company’s stock after selling 10,210 shares during the period. Dorsey Wright & Associates’ holdings in Trip.com Group were worth $957,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TCOM. Frank Rimerman Advisors LLC increased 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 worth $643,000 after purchasing an additional 185 shares during the last quarter. Creative Planning boosted its holdings in Trip.com Group by 4.6% in the second quarter. Creative Planning now owns 27,582 shares of the company’s stock worth $1,617,000 after purchasing an additional 1,215 shares in the last quarter. Davis Selected Advisers increased its position in Trip.com Group by 1.8% during the second quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock worth $290,237,000 after buying an additional 86,471 shares during the last quarter. Allianz SE raised its holdings in Trip.com Group by 83.0% during the second quarter. Allianz SE now owns 2,104 shares of the company’s stock valued at $123,000 after buying an additional 954 shares in the last quarter. Finally, ABN Amro Investment Solutions acquired a new stake in shares of Trip.com Group in the second quarter worth about $5,627,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Up 2.2%

Shares of Trip.com Group stock opened at $72.44 on Wednesday. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The company’s fifty day simple moving average is $73.02 and its 200-day simple moving average is $66.52. The company has a market cap of $47.32 billion and a price-to-earnings ratio of 19.85. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Sanford C. Bernstein raised their price objective on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research note 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. Weiss Ratings restated a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. 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, Mizuho boosted their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.09.

Trip.com Group Profile

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.