Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,511,656 shares of the company’s stock after selling 18,907 shares during the period. Fisher Asset Management LLC’s holdings in Trip.com Group were worth $188,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. First Horizon Corp purchased a new stake in Trip.com Group in the 3rd quarter valued at about $27,000. NewEdge Advisors LLC boosted its stake 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 buying an additional 450 shares during the period. EverSource Wealth Advisors LLC increased its position 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 during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Trip.com Group by 67.2% in the 2nd 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 raised 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 period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TCOM shares. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. 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. Weiss Ratings restated a “buy (b-)” rating on shares of Trip.com Group in a research report on Monday, December 29th. Benchmark cut their price objective on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Morgan Stanley reissued an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Trip.com Group Stock Down 2.2%

TCOM stock opened at $51.48 on Tuesday. The stock has a market cap of $33.63 billion, a P/E ratio of 7.68, a PEG ratio of 3.71 and a beta of -0.15. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. Trip.com Group Limited Sponsored ADR has a twelve month low of $50.70 and a twelve month high of $78.99. The company’s 50 day moving average is $63.36 and its two-hundred day moving average is $68.68.

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.