Trip.com Group Limited (NASDAQ:TCOM) Holdings Lessened by Matthews International Capital Management LLC

Matthews International Capital Management LLC lowered its stake in Trip.com Group Limited (NASDAQ:TCOM) by 34.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 444,364 shares of the company’s stock after selling 238,662 shares during the period. Trip.com Group makes up approximately 6.2% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Matthews International Capital Management LLC’s holdings in Trip.com Group were worth $30,510,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TCOM. Brooklyn Investment Group bought a new stake in shares of Trip.com Group in the 4th quarter worth about $25,000. RPg Family Wealth Advisory LLC purchased a new stake in Trip.com Group in the 3rd quarter worth about $38,000. CWM LLC lifted its stake in Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after purchasing an additional 220 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position 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 buying an additional 1,595 shares during the period. Finally, Aaron Wealth Advisors LLC bought a new position in shares of Trip.com Group during the fourth quarter valued at approximately $232,000. 35.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TCOM shares. Mizuho raised their price target on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target on the stock. Citigroup lifted their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Benchmark reissued a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, January 14th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group presently has an average rating of “Buy” and an average target price of $74.78.

Trip.com Group Stock Down 2.1 %

Trip.com Group stock opened at $70.00 on Tuesday. The business has a fifty day moving average of $67.91 and a two-hundred day moving average of $57.91. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market cap of $45.09 billion, a P/E ratio of 20.96, a P/E/G ratio of 0.93 and a beta of 0.37. Trip.com Group Limited has a twelve month low of $35.90 and a twelve month high of $77.18.

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.