Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by GAM Holding AG

GAM Holding AG lowered its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 29.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,166 shares of the company's stock after selling 17,785 shares during the period. GAM Holding AG's holdings in Trip.com Group were worth $2,895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brooklyn Investment Group bought a new position in Trip.com Group during the 4th quarter worth approximately $25,000. Principal Securities Inc. lifted its holdings in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after buying an additional 169 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in Trip.com Group during the 3rd quarter worth approximately $38,000. Empowered Funds LLC bought a new position in Trip.com Group during the 4th quarter worth approximately $136,000. Finally, CWM LLC lifted its holdings in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock worth $138,000 after buying an additional 220 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 analysts recently issued reports on TCOM shares. StockNews.com raised Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. Macquarie raised their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Sanford C. Bernstein started coverage on Trip.com Group in a report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price target on the stock. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, January 14th. Finally, Citigroup raised 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. 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.com, the stock has an average rating of "Buy" and an average target price of $74.78.

Trip.com Group Stock Performance

TCOM traded up $0.91 during trading hours on Friday, hitting $67.02. The company's stock had a trading volume of 6,198,392 shares, compared to its average volume of 2,790,048. 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 current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $43.17 billion, a PE ratio of 20.07, a PEG ratio of 0.67 and a beta of 0.37. The company has a 50-day simple moving average of $68.78 and a 200 day simple moving average of $61.12.

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.