Asset Management One Co. Ltd. Sells 16,158 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Asset Management One Co. Ltd. decreased its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,884 shares of the company's stock after selling 16,158 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Trip.com Group were worth $7,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. abrdn plc boosted its stake in shares of Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after purchasing an additional 150 shares in the last quarter. CWM LLC grew its holdings in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock worth $138,000 after acquiring an additional 220 shares during the last quarter. Brooklyn Investment Group acquired a new position in Trip.com Group in the 4th quarter valued at approximately $25,000. Creative Planning increased its position 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 acquiring an additional 423 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of Trip.com Group during the third quarter valued at $38,000. Institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

TCOM has been the subject of a number of recent research reports. HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a report on Tuesday, November 19th. TD Cowen increased their price target on Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Citigroup lifted their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Benchmark reissued a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research report on Wednesday, November 20th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $74.78.

Trip.com Group Trading Up 1.4 %

Shares of NASDAQ:TCOM traded up $0.91 during mid-day trading on Friday, hitting $67.02. The company had a trading volume of 6,198,392 shares, compared to its average volume of 2,790,048. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The firm has a fifty day moving average price of $68.78 and a 200 day moving average price of $61.12. The company has a market capitalization of $43.17 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37.

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.