Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Green Court Capital Management Ltd

Green Court Capital Management Ltd trimmed its stake in Trip.com Group Limited (NASDAQ:TCOM) by 61.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 441,700 shares of the company’s stock after selling 713,896 shares during the period. Trip.com Group comprises about 20.0% of Green Court Capital Management Ltd’s investment portfolio, making the stock its 2nd largest position. Green Court Capital Management Ltd owned 0.07% of Trip.com Group worth $30,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after acquiring an additional 2,749,365 shares during the last quarter. Sanders Capital LLC lifted its stake in Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after buying an additional 2,462,767 shares during the period. ARGA Investment Management LP raised its position in shares of Trip.com Group by 46.9% during the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after purchasing an additional 1,884,044 shares during the period. Cantillon Capital Management LLC raised its position in shares of Trip.com Group by 14.9% during the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after purchasing an additional 629,508 shares during the period. Finally, CoreView Capital Management Ltd grew its holdings in shares of Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after buying an additional 639,000 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of analyst reports. Barclays raised their price target on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Mizuho raised their price target on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Macquarie raised their price target on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $56.68 on Friday. The stock has a market cap of $36.51 billion, a P/E ratio of 16.97, a PEG ratio of 0.67 and a beta of 0.37. The stock has a 50 day simple moving average of $67.39 and a 200 day simple moving average of $61.85. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18.

About Trip.com Group

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.