Jennison Associates LLC Sells 30,480 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Jennison Associates LLC decreased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824,890 shares of the company’s stock after selling 30,480 shares during the period. Jennison Associates LLC owned 0.13% of Trip.com Group worth $56,637,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TCOM. CWM LLC grew its position in Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after purchasing an additional 220 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Trip.com Group in the fourth quarter worth $25,000. Creative Planning raised its holdings in shares of Trip.com Group by 1.7% in 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 in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Trip.com Group in the third quarter worth approximately $38,000. Finally, QRG Capital Management Inc. raised its stake in Trip.com Group by 5.0% in the third quarter. QRG Capital Management Inc. now owns 14,465 shares of the company’s stock valued at $860,000 after purchasing an additional 693 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of recent research reports. Sanford C. Bernstein started coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. Mizuho increased their target price on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Citigroup raised their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Benchmark reissued a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, January 14th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $74.78.

Trip.com Group Trading Up 2.7 %

TCOM opened at $72.03 on Tuesday. Trip.com Group Limited has a 12 month low of $36.88 and a 12 month high of $77.18. The stock has a fifty day moving average price of $68.68 and a 200-day moving average price of $58.72. The firm has a market cap of $46.39 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 0.71 and a beta of 0.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

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.