C WorldWide Group Holding A S Sells 60,295 Shares of Trip.com Group Limited (NASDAQ:TCOM)

C WorldWide Group Holding A S trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,336,184 shares of the company’s stock after selling 60,295 shares during the period. Trip.com Group accounts for approximately 0.6% of C WorldWide Group Holding A S’s portfolio, making the stock its 19th largest holding. C WorldWide Group Holding A S owned 0.21% of Trip.com Group worth $48,116,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in Trip.com Group by 1,628.6% in the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock worth $42,368,000 after purchasing an additional 1,109,727 shares in the last quarter. AIA Group Ltd boosted its stake in shares of Trip.com Group by 43.1% during the 4th quarter. AIA Group Ltd now owns 90,449 shares of the company’s stock valued at $3,257,000 after purchasing an additional 27,236 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Trip.com Group by 137.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock valued at $1,284,000 after acquiring an additional 20,654 shares during the period. ANTIPODES PARTNERS Ltd lifted its holdings in Trip.com Group by 112.3% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company’s stock valued at $6,769,000 after purchasing an additional 99,460 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted 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 buying an additional 81,201 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TCOM shares. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Trip.com Group in a research report on Wednesday, April 17th. UBS Group increased their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. HSBC lifted their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Mizuho increased their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Trip.com Group has an average rating of “Moderate Buy” and an average price target of $53.67.

Trip.com Group Stock Up 0.4 %

TCOM stock traded up $0.18 during midday trading on Friday, hitting $50.60. The company’s stock had a trading volume of 4,542,364 shares, compared to its average volume of 3,440,245. The firm has a 50-day simple moving average of $45.99 and a 200-day simple moving average of $39.13. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. Trip.com Group Limited has a 52-week low of $30.70 and a 52-week high of $51.89. The firm has a market capitalization of $32.69 billion, a P/E ratio of 24.44 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.19 by $0.29. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. As a group, equities analysts forecast that Trip.com Group Limited will post 2.54 EPS for the current 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.