Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 98.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,269 shares of the company's stock after selling 694,975 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Trip.com Group were worth $636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its position 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 worth $1,722,587,000 after buying an additional 13,964,875 shares during the period. Schroder Investment Management Group boosted its stake in shares of Trip.com Group by 2.1% in the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock valued at $700,115,000 after purchasing an additional 213,381 shares during the period. Sanders Capital LLC increased its stake in Trip.com Group by 1.4% during the 4th quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock worth $665,854,000 after buying an additional 131,443 shares during the period. FIL Ltd lifted its holdings in Trip.com Group by 8.8% during the 4th quarter. FIL Ltd now owns 8,453,025 shares of the company's stock worth $580,385,000 after buying an additional 684,364 shares in the last quarter. Finally, Capital International Investors grew its stake in shares of Trip.com Group by 0.7% in the fourth quarter. Capital International Investors now owns 8,079,203 shares of the company's stock worth $554,717,000 after acquiring an additional 53,784 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Price Performance

Shares of TCOM traded down $0.34 during trading hours on Thursday, reaching $60.92. 2,007,460 shares of the company traded hands, compared to its average volume of 3,925,570. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $39.80 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.67 and a beta of 0.09. The stock has a fifty day simple moving average of $59.99 and a 200 day simple moving average of $64.32. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.

Wall Street Analyst Weigh In

TCOM has been the topic of a number of analyst reports. Mizuho raised Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. TD Securities increased 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 reiterated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Trip.com Group currently has an average rating of "Buy" and a consensus target price of $77.25.

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.