China Universal Asset Management Co. Ltd. Decreases Holdings in Trip.com Group Limited (NASDAQ:TCOM)

China Universal Asset Management Co. Ltd. decreased its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 16.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 52,830 shares of the company’s stock after selling 10,369 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Trip.com Group were worth $3,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in Trip.com Group by 1,917.9% during the third quarter. SG Americas Securities LLC now owns 351,081 shares of the company’s stock valued at $20,865,000 after buying an additional 333,683 shares during the period. CWM LLC lifted its stake 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. Creative Planning boosted its holdings in Trip.com Group by 1.7% during the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after acquiring an additional 423 shares during the period. Seven Grand Managers LLC bought a new position in Trip.com Group during the 3rd quarter worth approximately $10,884,000. Finally, Blue Trust Inc. increased its stake in Trip.com Group by 64.0% in the 3rd quarter. Blue Trust Inc. now owns 7,545 shares of the company’s stock worth $448,000 after purchasing an additional 2,944 shares during the period. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TCOM. Citigroup increased their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Benchmark reissued a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, January 14th. Macquarie upped their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Mizuho increased their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, TD Cowen boosted their price target on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Buy” and a consensus price target of $74.78.

Trip.com Group Stock Performance

Shares of TCOM opened at $70.17 on Friday. The company has a 50-day simple moving average of $68.68 and a two-hundred day simple moving average of $58.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $45.20 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 0.72 and a beta of 0.37. Trip.com Group Limited has a one year low of $35.94 and a one year 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.