Van ECK Associates Corp Trims Position in Trip.com Group Limited (NASDAQ:TCOM)

Van ECK Associates Corp reduced its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 62.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,177 shares of the company’s stock after selling 88,568 shares during the period. Van ECK Associates Corp’s holdings in Trip.com Group were worth $3,720,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. WCM Investment Management LLC raised its position in shares of Trip.com Group by 3.2% during the 4th quarter. WCM Investment Management LLC now owns 641,304 shares of the company’s stock valued at $44,000,000 after buying an additional 19,966 shares during the period. Empowered Funds LLC acquired a new stake in shares of Trip.com Group during the 4th quarter worth about $136,000. WT Asset Management Ltd lifted its position in Trip.com Group by 92.3% in the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock valued at $3,050,000 after buying an additional 21,316 shares during the last quarter. Ninety One North America Inc. increased its position in shares of Trip.com Group by 0.8% during the fourth quarter. Ninety One North America Inc. now owns 622,663 shares of the company’s stock valued at $42,752,000 after acquiring an additional 4,889 shares during the last quarter. Finally, abrdn plc lifted its holdings in shares of Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock worth $2,032,000 after acquiring an additional 150 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TCOM. Barclays boosted their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Benchmark reissued a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, January 14th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein began coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. Finally, Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $66.68 on Thursday. The company has a fifty day moving average of $69.05 and a two-hundred day moving average of $60.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a market capitalization of $42.95 billion, a PE ratio of 19.96, a P/E/G ratio of 0.70 and a beta of 0.37.

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.