Allspring Global Investments Holdings LLC Has $72.43 Million Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Allspring Global Investments Holdings LLC decreased its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,011,473 shares of the company's stock after selling 50,000 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.31% of Trip.com Group worth $72,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ANTIPODES PARTNERS Ltd raised its holdings in Trip.com Group by 112.3% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company's stock worth $6,769,000 after acquiring an additional 99,460 shares during the period. XY Capital Ltd lifted its position in shares of Trip.com Group by 5.7% during the 4th quarter. XY Capital Ltd now owns 129,788 shares of the company's stock worth $4,674,000 after purchasing an additional 6,997 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Trip.com Group during the 4th quarter worth about $217,000. U S Global Investors Inc. boosted its stake in Trip.com Group by 21.6% during the 4th quarter. U S Global Investors Inc. now owns 493,117 shares of the company's stock valued at $17,757,000 after purchasing an additional 87,565 shares during the period. Finally, Osborne Partners Capital Management LLC grew its holdings in Trip.com Group by 6.3% in the 4th quarter. Osborne Partners Capital Management LLC now owns 276,269 shares of the company's stock valued at $9,948,000 after buying an additional 16,378 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TCOM has been the subject of several research reports. Mizuho increased their price objective on Trip.com Group from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Citigroup raised their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. Barclays increased their target price on shares of Trip.com Group from $56.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. UBS Group boosted their price target on Trip.com Group from $48.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Finally, StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group has a consensus rating of "Moderate Buy" and an average price target of $52.88.

Trip.com Group Price Performance

Shares of TCOM stock traded down $0.25 during trading hours on Wednesday, hitting $48.75. The company had a trading volume of 2,536,356 shares, compared to its average volume of 3,901,702. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23. The firm has a market capitalization of $31.50 billion, a price-to-earnings ratio of 23.55 and a beta of 0.56. Trip.com Group Limited has a 12 month low of $30.70 and a 12 month high of $49.92. The firm's fifty day moving average is $43.56 and its 200 day moving average is $37.90.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.42 billion. On average, sell-side analysts predict that Trip.com Group Limited will post 2.54 EPS for the current fiscal year.

Trip.com Group Company 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.