Advisors Asset Management Inc. Sells 302 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Advisors Asset Management Inc. decreased its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,397 shares of the company’s stock after selling 302 shares during the quarter. Advisors Asset Management Inc.’s holdings in Trip.com Group were worth $142,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Swedbank AB purchased a new position in shares of Trip.com Group in the first quarter worth about $8,891,000. Cetera Advisors LLC purchased a new position in Trip.com Group in the 1st quarter valued at approximately $432,000. Hilltop National Bank raised its holdings in Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after acquiring an additional 876 shares during the period. CWM LLC lifted its position in shares of Trip.com Group by 13.5% during the second quarter. CWM LLC now owns 2,107 shares of the company’s stock worth $99,000 after acquiring an additional 251 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Trip.com Group in the second quarter worth $867,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $64.65 on Friday. Trip.com Group Limited has a 1-year low of $32.42 and a 1-year high of $69.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day moving average of $62.64 and a 200 day moving average of $52.89. The company has a market capitalization of $41.64 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 0.96 and a beta of 0.39.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TD Cowen boosted their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Citigroup increased their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Benchmark boosted their target price on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Macquarie upped their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $74.18.

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.