Trip.com Group Limited (NASDAQ:TCOM) Holdings Trimmed by Nkcfo LLC

Nkcfo LLC reduced its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 72.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,000 shares of the company’s stock after selling 10,500 shares during the quarter. Nkcfo LLC’s holdings in Trip.com Group were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. CWM LLC lifted its stake in Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after acquiring an additional 220 shares in the last quarter. Creative Planning lifted its position in shares of Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after purchasing an additional 423 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Trip.com Group by 64.0% during the third quarter. Blue Trust Inc. now owns 7,545 shares of the company’s stock worth $448,000 after purchasing an additional 2,944 shares during the period. Raymond James & Associates grew its position in Trip.com Group by 9.1% during the third quarter. Raymond James & Associates now owns 40,998 shares of the company’s stock valued at $2,437,000 after purchasing an additional 3,425 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in Trip.com Group by 70.2% in the 3rd quarter. Whittier Trust Co. now owns 18,981 shares of the company’s stock valued at $1,128,000 after buying an additional 7,826 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TCOM. TD Cowen boosted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, November 19th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Benchmark reiterated a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, January 14th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Buy” and a consensus price target of $74.78.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $69.25 on Friday. The firm has a market capitalization of $44.60 billion, a PE ratio of 20.73, a PEG ratio of 0.69 and a beta of 0.37. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $69.38 and its 200 day simple moving average is $60.34.

Trip.com Group Profile

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.