Janus Henderson Group PLC Lowers Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Janus Henderson Group PLC lessened its stake in Trip.com Group Limited (NASDAQ:TCOM) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,940,993 shares of the company’s stock after selling 16,927 shares during the quarter. Janus Henderson Group PLC’s holdings in Trip.com Group were worth $115,392,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TCOM. RPg Family Wealth Advisory LLC purchased a new position in shares of Trip.com Group in the 3rd quarter worth about $38,000. Fifth Third Bancorp raised its position in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after purchasing an additional 986 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after buying an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Trip.com Group in the 2nd quarter worth about $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Trip.com Group in the 2nd quarter worth about $74,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

TCOM has been the subject of several research analyst reports. Macquarie lifted their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Mizuho lifted their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. TD Cowen lifted their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company 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’s stock. Based on data from MarketBeat.com, Trip.com Group currently has an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Trading Down 1.7 %

Shares of NASDAQ:TCOM opened at $66.88 on Thursday. The stock has a 50 day moving average of $63.57 and a 200 day moving average of $53.09. The company has a market cap of $43.08 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 12-month low of $32.42 and a 12-month high of $69.67.

About Trip.com Group

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.