Matthews International Capital Management LLC Sells 238,662 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Matthews International Capital Management LLC reduced its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 444,364 shares of the company's stock after selling 238,662 shares during the quarter. Trip.com Group accounts for 6.2% of Matthews International Capital Management LLC's portfolio, making the stock its 7th largest position. Matthews International Capital Management LLC owned about 0.07% of Trip.com Group worth $30,510,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. CWM LLC boosted its stake in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $138,000 after acquiring an additional 220 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Trip.com Group in the 4th quarter worth about $25,000. Creative Planning increased its holdings in shares of Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company's stock worth $1,523,000 after acquiring an additional 423 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the 3rd quarter worth about $38,000. Finally, QRG Capital Management Inc. increased its stake in Trip.com Group by 5.0% during the 3rd quarter. QRG Capital Management Inc. now owns 14,465 shares of the company's stock valued at $860,000 after buying an additional 693 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on TCOM shares. HSBC raised shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an "outperform" rating and a $85.00 price objective for the company. Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, January 14th. Barclays raised their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Finally, Hsbc Global Res upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and an average price target of $74.78.

Trip.com Group Stock Down 4.5 %

Shares of NASDAQ TCOM traded down $3.33 during mid-day trading on Friday, reaching $70.17. The company had a trading volume of 1,656,417 shares, compared to its average volume of 2,328,771. The company has a market capitalization of $45.20 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 0.72 and a beta of 0.37. The stock has a fifty day moving average of $68.55 and a two-hundred day moving average of $58.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a 12-month low of $35.94 and a 12-month high of $77.18.

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.