Mirae Asset Global Investments Co. Ltd. Decreases Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 755,779 shares of the company's stock after selling 4,008 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.12% of Trip.com Group worth $51,892,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in Trip.com Group in the fourth quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the third quarter valued at $38,000. CWM LLC raised its holdings in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $138,000 after buying an additional 220 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in Trip.com Group by 101.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company's stock worth $189,000 after acquiring an additional 1,595 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in Trip.com Group during the 3rd quarter valued at about $224,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Analysts Set New Price Targets

TCOM has been the topic of several recent research reports. Mizuho upped their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. Citigroup upped their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Sanford C. Bernstein started coverage on 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. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $74.78.

Trip.com Group Stock Up 1.0 %

NASDAQ:TCOM traded up $0.69 during midday trading on Friday, hitting $69.22. 3,309,367 shares of the company were exchanged, compared to its average volume of 2,152,326. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a market capitalization of $44.58 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 0.69 and a beta of 0.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $69.29 and a 200 day simple moving average of $59.38.

Trip.com Group Company 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.