Nordea Investment Management AB Has $42.37 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Nordea Investment Management AB lifted its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 1,628.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,177,866 shares of the company's stock after purchasing an additional 1,109,727 shares during the period. Nordea Investment Management AB owned approximately 0.18% of Trip.com Group worth $42,368,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TCOM. PNC Financial Services Group Inc. lifted its position in shares of Trip.com Group by 10.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company's stock worth $143,000 after buying an additional 402 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Trip.com Group by 3.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,847 shares of the company's stock worth $414,000 after buying an additional 440 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Trip.com Group by 3.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,002 shares of the company's stock worth $525,000 after buying an additional 445 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Trip.com Group by 21.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company's stock valued at $114,000 after purchasing an additional 566 shares during the last quarter. Finally, Signaturefd LLC raised its position in Trip.com Group by 7.6% in the 3rd quarter. Signaturefd LLC now owns 8,245 shares of the company's stock valued at $288,000 after purchasing an additional 584 shares during the last quarter. Institutional investors and hedge funds own 38.24% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on TCOM shares. UBS Group upped their price target on shares of Trip.com Group from $48.00 to $52.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. TheStreet upgraded shares of Trip.com Group from a "c" rating to a "b-" rating in a research report on Tuesday, November 21st. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd. Mizuho upped their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Finally, Nomura downgraded shares of Trip.com Group from a "buy" rating to a "neutral" rating in a research report on Tuesday, November 21st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.13.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded up $0.11 on Wednesday, reaching $44.50. 3,294,751 shares of the company were exchanged, compared to its average volume of 3,931,294. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. Trip.com Group Limited has a 1-year low of $30.70 and a 1-year high of $47.44. The firm has a market cap of $28.75 billion, a price-to-earnings ratio of 21.50 and a beta of 0.57. The company has a 50-day moving average of $40.44 and a 200-day moving average of $36.78.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.42 billion. Equities analysts forecast that Trip.com Group Limited will post 2.55 earnings per share for the current fiscal year.

Trip.com Group Profile

Trip.com Group Limited 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.