Pzena Investment Management LLC Sells 1,330,509 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Pzena Investment Management LLC lessened its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,711,810 shares of the company's stock after selling 1,330,509 shares during the quarter. Pzena Investment Management LLC owned approximately 0.42% of Trip.com Group worth $97,652,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TCOM. Vontobel Holding Ltd. lifted its holdings in shares of Trip.com Group by 0.8% during the 4th quarter. Vontobel Holding Ltd. now owns 7,565,917 shares of the company's stock valued at $272,449,000 after buying an additional 57,275 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Trip.com Group by 98.2% in the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company's stock worth $190,164,000 after purchasing an additional 2,695,221 shares during the last quarter. ARGA Investment Management LP lifted its holdings in Trip.com Group by 22.3% in the 4th quarter. ARGA Investment Management LP now owns 4,595,151 shares of the company's stock worth $165,471,000 after purchasing an additional 837,620 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Trip.com Group by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company's stock worth $145,927,000 after purchasing an additional 81,201 shares during the last quarter. Finally, Green Court Capital Management Ltd lifted its holdings in Trip.com Group by 64.5% in the 4th quarter. Green Court Capital Management Ltd now owns 3,421,281 shares of the company's stock worth $123,200,000 after purchasing an additional 1,341,806 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TCOM shares. Mizuho boosted their target price on Trip.com Group from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday. CLSA upped their price target on Trip.com Group from $55.00 to $64.00 and gave the stock a "buy" rating in a report on Monday, May 13th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Monday, May 13th. Citigroup upped their price target on Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Finally, Barclays boosted their price objective on Trip.com Group from $60.00 to $76.00 and gave the company an "overweight" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.30.

Trip.com Group Stock Down 2.4 %

Trip.com Group stock traded down $1.33 during midday trading on Wednesday, reaching $54.50. The stock had a trading volume of 4,152,097 shares, compared to its average volume of 3,829,083. The firm's fifty day simple moving average is $49.52 and its 200-day simple moving average is $41.64. Trip.com Group Limited has a 1-year low of $30.70 and a 1-year high of $58.00. The stock has a market capitalization of $35.10 billion, a P/E ratio of 24.55 and a beta of 0.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.23.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.29. Trip.com Group had a return on equity of 10.88% and a net margin of 22.99%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. As a group, analysts expect that Trip.com Group Limited will post 2.53 EPS 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.