Vontobel Holding Ltd. Sells 418,175 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Vontobel Holding Ltd. cut its stake in Trip.com Group Limited (NASDAQ:TCOM) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,903,026 shares of the company’s stock after selling 418,175 shares during the period. Vontobel Holding Ltd. owned 0.30% of Trip.com Group worth $130,662,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TCOM. WCM Investment Management LLC grew its holdings in Trip.com Group by 3.2% during the 4th quarter. WCM Investment Management LLC now owns 641,304 shares of the company’s stock worth $44,000,000 after acquiring an additional 19,966 shares during the period. Empowered Funds LLC acquired a new stake in Trip.com Group during the fourth quarter worth approximately $136,000. WT Asset Management Ltd increased its holdings in Trip.com Group by 92.3% in the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock worth $3,050,000 after purchasing an additional 21,316 shares in the last quarter. Ninety One North America Inc. lifted its stake in Trip.com Group by 0.8% in the fourth quarter. Ninety One North America Inc. now owns 622,663 shares of the company’s stock valued at $42,752,000 after buying an additional 4,889 shares during the period. Finally, abrdn plc boosted its holdings in shares of Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock worth $2,032,000 after buying an additional 150 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TCOM. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, November 19th. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Barclays raised their target price 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. Macquarie boosted their target price on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Benchmark reiterated a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, January 14th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $74.78.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $69.74 on Friday. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $69.33 and a 200-day moving average price of $59.96. The company has a market cap of $44.92 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 0.69 and a beta of 0.37.

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.