Woodline Partners LP lowered its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 32.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,634 shares of the company's stock after selling 103,420 shares during the quarter. Woodline Partners LP's holdings in Trip.com Group were worth $14,462,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. National Bank of Canada FI raised 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 valued at $32,000 after purchasing an additional 321 shares during the period. Rakuten Securities Inc. grew its stake 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 worth $33,000 after buying an additional 449 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after buying an additional 169 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after purchasing an additional 510 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Trip.com Group during the 4th quarter worth about $94,000. 35.41% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on TCOM shares. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Bank of America boosted their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. reduced their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Finally, Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $77.25.
Read Our Latest Stock Analysis on Trip.com Group
Trip.com Group Stock Performance
NASDAQ TCOM traded up $0.25 during mid-day trading on Tuesday, reaching $62.58. 578,691 shares of the stock were exchanged, compared to its average volume of 3,980,776. The business's 50 day moving average is $60.12 and its 200-day moving average is $64.39. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a market capitalization of $40.88 billion, a P/E ratio of 18.74, 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 Company Profile
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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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