Allspring Global Investments Holdings LLC Sells 56,149 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Allspring Global Investments Holdings LLC trimmed its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,573,408 shares of the company's stock after selling 56,149 shares during the period. Allspring Global Investments Holdings LLC owned 0.24% of Trip.com Group worth $93,508,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Capital World Investors lifted its holdings in Trip.com Group by 27.5% in the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company's stock worth $2,149,366,000 after purchasing an additional 10,576,028 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Trip.com Group by 4,800.0% in the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company's stock worth $65,767,000 after buying an additional 1,370,741 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Trip.com Group by 413,028.8% during the 1st quarter. National Bank of Canada FI now owns 859,308 shares of the company's stock worth $37,715,000 after buying an additional 859,100 shares during the period. Marshall Wace LLP grew its stake in Trip.com Group by 89.6% in the 2nd quarter. Marshall Wace LLP now owns 1,703,234 shares of the company's stock valued at $80,052,000 after buying an additional 804,885 shares during the last quarter. Finally, Ariose Capital Management Ltd raised its holdings in Trip.com Group by 680.1% in the 2nd quarter. Ariose Capital Management Ltd now owns 540,630 shares of the company's stock worth $25,410,000 after acquiring an additional 471,330 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TCOM shares. StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Citigroup raised their target price on Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, October 10th. HSBC lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Benchmark restated a "buy" rating and issued a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. Finally, TD Cowen cut their target price 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. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $64.63.

Trip.com Group Price Performance

Shares of TCOM stock traded down $0.75 during mid-day trading on Monday, reaching $60.50. The company's stock had a trading volume of 1,534,276 shares, compared to its average volume of 4,119,384. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The firm's 50-day moving average is $51.86 and its two-hundred day moving average is $50.13. Trip.com Group Limited has a 1-year low of $31.55 and a 1-year high of $69.67. The company has a market cap of $38.97 billion, a P/E ratio of 27.25 and a beta of 0.41.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. On average, research analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current year.

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.