Vident Advisory LLC Sells 10,969 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Vident Advisory LLC decreased its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,224 shares of the company's stock after selling 10,969 shares during the period. Vident Advisory LLC's holdings in Trip.com Group were worth $1,183,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TCOM. FMR LLC lifted its position in shares of Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after purchasing an additional 13,964,875 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Trip.com Group by 2.1% during the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock worth $700,115,000 after buying an additional 213,381 shares during the last quarter. Sanders Capital LLC boosted its position in shares of Trip.com Group by 1.4% in the fourth quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock valued at $665,854,000 after acquiring an additional 131,443 shares during the period. FIL Ltd grew its stake in shares of Trip.com Group by 8.8% in the fourth quarter. FIL Ltd now owns 8,453,025 shares of the company's stock worth $580,385,000 after acquiring an additional 684,364 shares during 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 during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TCOM shares. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Benchmark restated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. JPMorgan Chase & Co. cut their price target 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. Bank of America lifted their price objective on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, TD Securities boosted their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Price Performance

Shares of NASDAQ TCOM traded down $0.58 during midday trading on Tuesday, reaching $61.75. 2,089,213 shares of the company traded hands, compared to its average volume of 3,986,708. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The stock's 50-day simple moving average is $60.12 and its 200-day simple moving average is $64.39. The firm has a market cap of $40.34 billion, a PE ratio of 18.49, a PEG ratio of 0.67 and a beta of 0.08.

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.