Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd lowered its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 333,240 shares of the company's stock after selling 32,600 shares during the quarter. Trip.com Group comprises 8.6% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 4th biggest holding. Aubrey Capital Management Ltd owned about 0.05% of Trip.com Group worth $22,880,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in Trip.com Group during the 4th quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group during the 3rd quarter worth approximately $38,000. Empowered Funds LLC purchased a new position in Trip.com Group during the 4th quarter worth approximately $136,000. CWM LLC grew its stake 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 purchasing an additional 220 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Trip.com Group by 101.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company's stock valued at $189,000 after purchasing an additional 1,595 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TCOM shares. Benchmark reiterated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, January 14th. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Mizuho lifted their target price on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. TD Cowen lifted their target price on Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, HSBC upgraded 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. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $74.78.

Trip.com Group Price Performance

Shares of TCOM traded up $1.68 during mid-day trading on Thursday, hitting $69.74. The company's stock had a trading volume of 2,615,392 shares, compared to its average volume of 2,499,605. 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 firm has a 50-day simple moving average of $69.33 and a 200 day simple moving average of $59.96. The firm has a market capitalization of $44.92 billion, a P/E ratio of 20.88, a P/E/G ratio of 0.69 and a beta of 0.37. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18.

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.