Allspring Global Investments Holdings LLC lowered its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,338,530 shares of the company's stock after selling 101,754 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.21% of Trip.com Group worth $84,555,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI grew its position in shares of Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after buying an additional 321 shares during the period. Rakuten Securities Inc. increased its position in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after buying an additional 449 shares in the last quarter. Principal Securities Inc. lifted its holdings in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after acquiring an additional 510 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Trip.com Group in the fourth quarter worth about $94,000. Institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Performance
Shares of TCOM traded up $0.19 during midday trading on Monday, reaching $58.86. 296,752 shares of the stock were exchanged, compared to its average volume of 3,724,080. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock's 50 day simple moving average is $60.98 and its 200 day simple moving average is $63.50. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.23 and a twelve month high of $77.18. The company has a market cap of $38.45 billion, a P/E ratio of 17.05, a PEG ratio of 2.77 and a beta of 0.09.
Wall Street Analysts Forecast Growth
Several analysts have commented on TCOM shares. Bank of America raised their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. TD Securities raised 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. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Trip.com Group currently has a consensus rating of "Buy" and an average target price of $77.25.
Get Our Latest Analysis on Trip.com Group
About Trip.com Group
(
Free Report)
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.
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