Deltec Asset Management LLC Trims Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Deltec Asset Management LLC lowered its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,700 shares of the company’s stock after selling 1,300 shares during the period. Deltec Asset Management LLC’s holdings in Trip.com Group were worth $323,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. abrdn plc raised its stake in shares of Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after acquiring an additional 150 shares during the period. CWM LLC raised its position in Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares during the period. Brooklyn Investment Group acquired a new position in Trip.com Group during the fourth quarter worth $25,000. Creative Planning boosted its position in shares of Trip.com Group by 1.7% during the third quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after buying an additional 423 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the third quarter valued at $38,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $71.27 on Wednesday. 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 fifty-two week low of $36.88 and a fifty-two week high of $77.18. The business has a 50 day moving average price of $69.00 and a two-hundred day moving average price of $59.09. The firm has a market cap of $45.90 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 0.71 and a beta of 0.37.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TCOM. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Mizuho increased their price target on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, January 14th. Macquarie upped their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $74.78.

Trip.com Group Company 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.