Federated Hermes Inc. Sells 143,779 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Federated Hermes Inc. lessened its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,698,434 shares of the company's stock after selling 143,779 shares during the period. Federated Hermes Inc. owned approximately 0.26% of Trip.com Group worth $79,826,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock valued at $50,000 after purchasing an additional 986 shares in the last quarter. Hilltop National Bank lifted its stake in Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company's stock valued at $54,000 after acquiring an additional 876 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group in the second quarter valued at $66,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Trip.com Group in the second quarter valued at $74,000. Finally, Atlas Capital Advisors LLC acquired a new stake in Trip.com Group in the first quarter valued at $74,000. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

Trip.com Group stock traded up $0.19 during midday trading on Friday, hitting $47.29. The company's stock had a trading volume of 1,441,053 shares, compared to its average volume of 3,681,296. Trip.com Group Limited has a 1-year low of $31.55 and a 1-year high of $58.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The company has a 50-day moving average price of $44.93 and a two-hundred day moving average price of $47.62. The company has a market cap of $30.46 billion, a price-to-earnings ratio of 21.30 and a beta of 0.39.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TCOM. Barclays increased their price target on shares of Trip.com Group from $60.00 to $76.00 and gave the company an "overweight" rating in a research note on Wednesday, May 22nd. Benchmark reiterated a "buy" rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. TD Cowen cut their price target on shares of Trip.com Group from $63.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, August 27th. Mizuho raised their target price on shares of Trip.com Group from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, May 21st. Finally, StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Trip.com Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.50.

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.