Asset Management One Co. Ltd. Decreases Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Posted by on May 2nd, 2023

Asset Management One Co. Ltd. lowered its stake in shares of Trip.com Group Limited (NASDAQ:TCOM – Get Rating) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,967 shares of the company’s stock after selling 29,885 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Trip.com Group were worth $3,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in Trip.com Group in the third quarter worth about $25,000. Wipfli Financial Advisors LLC bought a new position in Trip.com Group during the third quarter valued at approximately $29,000. Captrust Financial Advisors bought a new position in Trip.com Group in the second quarter worth approximately $38,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Trip.com Group in the third quarter worth approximately $50,000. Finally, Lindbrook Capital LLC raised its position in Trip.com Group by 61.1% in the fourth quarter. Lindbrook Capital LLC now owns 2,506 shares of the company’s stock worth $86,000 after acquiring an additional 950 shares during the period. Hedge funds and other institutional investors own 52.13% of the company’s stock.

Trip.com Group Stock Down 0.6 %

TCOM stock opened at $35.29 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. Trip.com Group Limited has a 52 week low of $18.46 and a 52 week high of $40.17. The firm has a 50 day moving average of $36.64 and a 200 day moving average of $33.85. The stock has a market capitalization of $22.63 billion, a PE ratio of 126.04 and a beta of 0.54.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of analyst reports. Mizuho increased their price objective on shares of Trip.com Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, March 7th. Benchmark raised their target price on shares of Trip.com Group from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, March 7th. Barclays lifted their price objective on shares of Trip.com Group from $40.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, March 8th. StockNews.com initiated coverage on shares of Trip.com Group in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Trip.com Group in a research report on Monday, January 30th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.70.

About Trip.com Group

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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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