ABS Direct Equity Fund LLC Sells 19,800 Shares of Trip.com Group Limited (NASDAQ:TCOM)

ABS Direct Equity Fund LLC trimmed its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 50.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,731 shares of the company's stock after selling 19,800 shares during the quarter. Trip.com Group comprises 1.7% of ABS Direct Equity Fund LLC's holdings, making the stock its 22nd biggest position. ABS Direct Equity Fund LLC's holdings in Trip.com Group were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of Trip.com Group by 125.5% during the fourth quarter. FMR LLC now owns 25,088,658 shares of the company's stock valued at $1,722,587,000 after acquiring an additional 13,964,875 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Trip.com Group by 1,925.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock valued at $205,057,000 after purchasing an additional 2,839,142 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after acquiring an additional 2,101,937 shares during the period. Voya Investment Management LLC boosted its position in shares of Trip.com Group by 751.8% in the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock valued at $144,649,000 after acquiring an additional 1,859,401 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Trip.com Group by 16,640.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company's stock worth $98,277,000 after purchasing an additional 1,422,786 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TCOM has been the subject of several research reports. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. TD Securities lifted their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. cut their price objective on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Finally, Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Price Performance

NASDAQ:TCOM traded up $1.03 during mid-day trading on Monday, reaching $61.01. The stock had a trading volume of 501,874 shares, compared to its average volume of 3,914,120. The stock has a 50-day simple moving average of $60.30 and a two-hundred day simple moving average of $64.29. The stock has a market capitalization of $39.85 billion, a PE ratio of 18.25, a P/E/G ratio of 0.67 and a beta of 0.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18.

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.