Hardman Johnston Global Advisors LLC Has $519,000 Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Hardman Johnston Global Advisors LLC lessened its stake in Trip.com Group Limited (NASDAQ:TCOM) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,560 shares of the company’s stock after selling 400 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in Trip.com Group were worth $519,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TCOM. Creative Planning increased its stake in Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after buying an additional 423 shares during the period. Raymond James & Associates increased its stake in Trip.com Group by 9.1% in the 3rd quarter. Raymond James & Associates now owns 40,998 shares of the company’s stock valued at $2,437,000 after buying an additional 3,425 shares during the period. Lyell Wealth Management LP acquired a new position in Trip.com Group in the 3rd quarter valued at approximately $238,000. China Universal Asset Management Co. Ltd. increased its stake in Trip.com Group by 31.9% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 63,199 shares of the company’s stock valued at $3,756,000 after buying an additional 15,299 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Trip.com Group by 79.2% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 33,062 shares of the company’s stock valued at $1,965,000 after buying an additional 14,612 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ TCOM opened at $67.02 on Monday. 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 company has a fifty day simple moving average of $68.78 and a 200 day simple moving average of $61.39. The company has a market cap of $43.17 billion, a P/E ratio of 20.07, a P/E/G ratio of 0.67 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.

Wall Street Analyst Weigh In

TCOM has been the topic of several research reports. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective on the stock. Mizuho boosted their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, January 14th. Hsbc Global Res raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Finally, Citigroup boosted their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $77.31.

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.