Asset Management One Co. Ltd. Sells 16,158 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Asset Management One Co. Ltd. lowered its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,884 shares of the company’s stock after selling 16,158 shares during the period. Asset Management One Co. Ltd.’s holdings in Trip.com Group were worth $7,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TCOM. Brooklyn Investment Group acquired a new position in shares of Trip.com Group during the fourth quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Trip.com Group during the third quarter valued at about $38,000. Empowered Funds LLC acquired a new position in shares of Trip.com Group during the fourth quarter valued at about $136,000. CWM LLC raised its holdings in shares of Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Trip.com Group by 101.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock valued at $189,000 after purchasing an additional 1,595 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Ratings Changes

TCOM has been the topic of several research reports. Barclays upped their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Citigroup upped their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Tuesday, November 19th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price on the stock. Finally, Macquarie upped their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $74.78.

Trip.com Group Trading Down 0.7 %

Shares of TCOM stock opened at $69.25 on Tuesday. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50-day simple moving average of $69.27 and a two-hundred day simple moving average of $60.66. The company has a market capitalization of $44.60 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.69 and a beta of 0.37.

Trip.com Group Company 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.