E Fund Management Hong Kong Co. Ltd. Reduces Position in Trip.com Group Limited (NASDAQ:TCOM)

E Fund Management Hong Kong Co. Ltd. decreased its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 45.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,140 shares of the company’s stock after selling 14,922 shares during the quarter. Trip.com Group comprises 1.0% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 17th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Trip.com Group were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Trip.com Group in the fourth quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in Trip.com Group during the 3rd quarter valued at approximately $38,000. CWM LLC boosted its holdings in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Trip.com Group by 101.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock worth $189,000 after acquiring an additional 1,595 shares during the period. Finally, M&T Bank Corp purchased a new position in shares of Trip.com Group during the third quarter worth $224,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

TCOM opened at $71.52 on Monday. The company has a market cap of $46.07 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 0.93 and a beta of 0.37. The firm’s fifty day simple moving average is $67.91 and its two-hundred day simple moving average is $57.85. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 52-week low of $35.90 and a 52-week high of $77.18.

Wall Street Analyst Weigh In

TCOM has been the topic of several analyst reports. Citigroup increased their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Barclays lifted their price target on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, January 14th. Finally, Sanford C. Bernstein began coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group has an average rating of “Buy” and a consensus target price of $74.78.

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.