Origin Asset Management LLP Sells 865,380 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Origin Asset Management LLP decreased its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 83.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,855 shares of the company's stock after selling 865,380 shares during the period. Trip.com Group accounts for about 27.0% of Origin Asset Management LLP's holdings, making the stock its 2nd biggest holding. Origin Asset Management LLP's holdings in Trip.com Group were worth $11,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its stake in Trip.com Group by 32.8% during the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company's stock worth $661,086,000 after buying an additional 2,749,365 shares during the period. Sanders Capital LLC lifted its position in shares of Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company's stock valued at $568,531,000 after purchasing an additional 2,462,767 shares in the last quarter. Aspex Management HK Ltd purchased a new position in shares of Trip.com Group in the 3rd quarter worth approximately $128,962,000. Wellington Management Group LLP grew its stake in Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company's stock valued at $134,493,000 after purchasing an additional 1,919,006 shares during the period. Finally, ARGA Investment Management LP increased its holdings in Trip.com Group by 46.9% during the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock worth $350,602,000 after buying an additional 1,884,044 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Up 3.6 %

Shares of TCOM traded up $2.37 during mid-day trading on Wednesday, reaching $68.06. The company's stock had a trading volume of 3,346,183 shares, compared to its average volume of 2,495,460. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The stock has a market cap of $43.84 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 0.69 and a beta of 0.37. The company's 50 day moving average is $69.30 and its 200 day moving average is $59.90.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TD Cowen increased their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research report on Wednesday, November 20th. Barclays raised their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Tuesday, November 19th. Finally, Hsbc Global Res raised 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $74.78.

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.