MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $5.29 Million Holdings in Trip.com Group Limited Sponsored ADR $TCOM

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 14.6% during the first quarter, Holdings Channel.com reports. The firm owned 83,259 shares of the company’s stock after selling 14,230 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Trip.com Group were worth $5,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC bought a new position in shares of Trip.com Group in the first quarter valued at $32,000. Summit Securities Group LLC bought a new position in Trip.com Group during the first quarter worth $58,000. Allianz SE grew its stake in shares of Trip.com Group by 312.2% in the first quarter. Allianz SE now owns 1,150 shares of the company’s stock valued at $73,000 after acquiring an additional 871 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Trip.com Group in the first quarter valued at about $78,000. Finally, Brooklyn Investment Group grew its stake in shares of Trip.com Group by 239.5% in the first quarter. Brooklyn Investment Group now owns 1,229 shares of the company’s stock valued at $78,000 after acquiring an additional 867 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Price Performance

TCOM opened at $74.83 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market capitalization of $48.88 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 2.99 and a beta of 0.03. The firm’s fifty day moving average price is $64.80 and its two-hundred day moving average price is $61.93. Trip.com Group Limited Sponsored ADR has a 1 year low of $46.20 and a 1 year high of $77.18.

Analysts Set New Price Targets

Several research firms recently weighed in on TCOM. Zacks Research raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Sanford C. Bernstein upped 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. TD Securities upped their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Barclays increased 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 report on Friday, August 29th. Finally, Mizuho lifted their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.