William Blair Investment Management LLC Cuts Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

William Blair Investment Management LLC trimmed its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 40.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,355 shares of the company’s stock after selling 15,713 shares during the quarter. William Blair Investment Management LLC’s holdings in Trip.com Group were worth $1,370,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Trip.com Group by 1,609.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company’s stock worth $821,514,000 after acquiring an additional 12,165,176 shares in the last quarter. Davis Selected Advisers increased its holdings in Trip.com Group by 29.8% in the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock worth $309,189,000 after acquiring an additional 1,115,836 shares in the last quarter. Voya Investment Management LLC increased its holdings in Trip.com Group by 41.4% in the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock worth $189,428,000 after acquiring an additional 872,630 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Trip.com Group by 48.7% in the 1st quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company’s stock worth $151,727,000 after acquiring an additional 781,916 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. increased its holdings in Trip.com Group by 3.4% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 1,929,847 shares of the company’s stock worth $122,700,000 after acquiring an additional 63,407 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Trading Up 1.8%

Shares of TCOM opened at $71.38 on Tuesday. Trip.com Group Limited Sponsored ADR has a 52-week low of $51.35 and a 52-week high of $78.65. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average is $71.14 and its two-hundred day moving average is $64.15. The stock has a market cap of $46.63 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.89 and a beta of 0.03.

Analyst Upgrades and Downgrades

TCOM has been the subject of several recent analyst reports. Mizuho boosted their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Zacks Research raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Barclays boosted their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Sanford C. Bernstein boosted their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $76.98.

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.