Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Jennison Associates LLC

Jennison Associates LLC cut its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 824,890 shares of the company's stock after selling 30,480 shares during the quarter. Jennison Associates LLC owned about 0.13% of Trip.com Group worth $56,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Caprock Group LLC increased its stake in Trip.com Group by 13.7% during the fourth quarter. Caprock Group LLC now owns 6,682 shares of the company's stock worth $459,000 after acquiring an additional 807 shares during the last quarter. BOCHK Asset Management Ltd grew its holdings in shares of Trip.com Group by 85.7% during the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock worth $893,000 after purchasing an additional 6,000 shares during the period. SteelPeak Wealth LLC acquired a new stake in Trip.com Group during the 4th quarter worth approximately $264,000. KBC Group NV raised its holdings in Trip.com Group by 7.5% in the fourth quarter. KBC Group NV now owns 134,978 shares of the company's stock valued at $9,268,000 after buying an additional 9,371 shares during the period. Finally, Atomi Financial Group Inc. lifted its position in Trip.com Group by 10.2% during the fourth quarter. Atomi Financial Group Inc. now owns 7,575 shares of the company's stock valued at $520,000 after buying an additional 703 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Macquarie increased their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Barclays increased their price target on Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. TD Cowen boosted their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Sanford C. Bernstein began coverage on Trip.com Group in a research note on Monday, November 4th. They issued an "outperform" rating and a $85.00 target price for the company. Finally, Mizuho raised their target price on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $74.78.

Trip.com Group Stock Up 1.0 %

Shares of Trip.com Group stock traded up $0.69 on Friday, hitting $69.22. 3,309,367 shares of the company's stock traded hands, compared to its average volume of 2,437,123. 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 stock has a market cap of $44.58 billion, a P/E ratio of 20.72, a PEG ratio of 0.71 and a beta of 0.37. The firm's 50-day moving average is $69.20 and its 200 day moving average is $59.22.

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.