AIA Group Ltd Sells 1,144 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Posted by on Apr 16th, 2023

AIA Group Ltd trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM – Get Rating) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,872 shares of the company’s stock after selling 1,144 shares during the period. AIA Group Ltd’s holdings in Trip.com Group were worth $340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TCOM. RWC Asset Management LLP bought a new position in Trip.com Group during the 4th quarter valued at about $13,617,000. Gladstone Institutional Advisory LLC lifted its holdings in Trip.com Group by 65.9% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 32,929 shares of the company’s stock valued at $899,000 after purchasing an additional 13,080 shares during the last quarter. Coatue Management LLC lifted its holdings in Trip.com Group by 69.1% during the 3rd quarter. Coatue Management LLC now owns 1,501,694 shares of the company’s stock valued at $41,011,000 after purchasing an additional 613,492 shares during the last quarter. GAM Holding AG bought a new position in Trip.com Group during the 3rd quarter valued at about $1,212,000. Finally, Nan Fung Trinity HK Ltd. lifted its holdings in Trip.com Group by 0.4% during the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 1,789,376 shares of the company’s stock valued at $48,867,000 after purchasing an additional 7,700 shares during the last quarter. 52.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on TCOM shares. Benchmark lifted their price target on shares of Trip.com Group from $52.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, March 7th. Barclays boosted their target price on shares of Trip.com Group from $40.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 8th. Jefferies Financial Group boosted their target price on shares of Trip.com Group from $45.00 to $48.00 in a research note on Tuesday, March 7th. Cowen boosted their target price on shares of Trip.com Group from $30.00 to $40.00 in a research note on Friday, January 6th. Finally, HSBC boosted their target price on shares of Trip.com Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.70.

Trip.com Group Stock Down 0.7 %

Shares of NASDAQ:TCOM opened at $35.48 on Friday. Trip.com Group Limited has a one year low of $18.46 and a one year high of $40.17. The company has a 50 day moving average of $36.89 and a 200-day moving average of $33.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of 126.71 and a beta of 0.54.

Trip.com Group Profile

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Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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