Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Vident Advisory LLC

Vident Advisory LLC decreased its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 38.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its stake in 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 purchasing an additional 13,964,875 shares during the period. Schroder Investment Management Group raised its stake in 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 purchasing an additional 213,381 shares during the period. Sanders Capital LLC raised its stake in Trip.com Group by 1.4% during the fourth quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock worth $665,854,000 after purchasing an additional 131,443 shares during the period. FIL Ltd raised its stake in shares of Trip.com Group by 8.8% in the 4th quarter. FIL Ltd now owns 8,453,025 shares of the company's stock valued at $580,385,000 after acquiring an additional 684,364 shares during the period. Finally, Capital International Investors raised its stake in shares of Trip.com Group by 0.7% in the 4th quarter. Capital International Investors now owns 8,079,203 shares of the company's stock valued at $554,717,000 after acquiring an additional 53,784 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TCOM. Bank of America boosted their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. reduced 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. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. One research 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. Based on data from MarketBeat, Trip.com Group has an average rating of "Buy" and an average price target of $77.25.

Trip.com Group Stock Performance

Trip.com Group stock traded up $1.09 during trading hours on Thursday, reaching $64.26. 1,382,951 shares of the stock were exchanged, compared to its average volume of 3,972,492. The stock has a market cap of $41.98 billion, a P/E ratio of 19.23, a P/E/G ratio of 0.67 and a beta of 0.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The firm's 50 day moving average is $60.04 and its 200 day moving average is $64.37.

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.