Denali Advisors LLC Has $619,000 Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Denali Advisors LLC decreased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 82.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,559 shares of the company’s stock after selling 49,025 shares during the period. Denali Advisors LLC’s holdings in Trip.com Group were worth $619,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in Trip.com Group during the first quarter valued at $32,000. NewEdge Advisors LLC boosted its position in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares during the last quarter. Summit Securities Group LLC bought a new position in Trip.com Group during the first quarter valued at about $58,000. Allianz SE raised its holdings in Trip.com Group by 312.2% during the first quarter. Allianz SE now owns 1,150 shares of the company’s stock valued at $73,000 after buying an additional 871 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Trip.com Group by 140.2% during the second quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock valued at $69,000 after buying an additional 687 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Trading Down 0.8%

Trip.com Group stock opened at $70.76 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The business’s 50-day simple moving average is $71.56 and its 200-day simple moving average is $64.24. The firm has a market capitalization of $46.23 billion, a PE ratio of 19.39, a PEG ratio of 2.74 and a beta of 0.03. Trip.com Group Limited Sponsored ADR has a 52 week low of $51.35 and a 52 week high of $78.65.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TCOM. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Mizuho raised their target price on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Barclays raised their target price on Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Finally, Sanford C. Bernstein raised their target price on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Trip.com Group has an average rating of “Buy” and a consensus price target of $76.98.

About Trip.com Group

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.