Green Court Capital Management Ltd reduced its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 61.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 441,700 shares of the company's stock after selling 713,896 shares during the period. Trip.com Group makes up about 20.0% of Green Court Capital Management Ltd's investment portfolio, making the stock its 2nd biggest position. Green Court Capital Management Ltd owned approximately 0.07% of Trip.com Group worth $30,327,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in Trip.com Group in the third quarter worth approximately $384,000. LMR Partners LLP purchased a new stake in shares of Trip.com Group in the 3rd quarter worth $18,435,000. Headwater Capital Co Ltd bought a new position in Trip.com Group in the 4th quarter worth $13,732,000. Massachusetts Financial Services Co. MA lifted its position in Trip.com Group by 85.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company's stock valued at $23,478,000 after purchasing an additional 182,403 shares in the last quarter. Finally, WT Asset Management Ltd grew its holdings in Trip.com Group by 92.3% during the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after purchasing an additional 21,316 shares during the period. Institutional investors own 35.41% of the company's stock.
Trip.com Group Trading Down 0.9 %
NASDAQ:TCOM traded down $0.52 during midday trading on Friday, hitting $56.68. 5,564,323 shares of the company traded hands, compared to its average volume of 3,704,376. 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's fifty day moving average is $67.39 and its 200-day moving average is $61.99. The firm has a market capitalization of $36.51 billion, a P/E ratio of 16.97, a P/E/G ratio of 0.67 and a beta of 0.37. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Mizuho raised their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Sanford C. Bernstein started coverage on Trip.com Group in a research note on Monday, November 4th. They issued an "outperform" rating and a $85.00 price objective for the company. TD Cowen increased their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lowered their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Hsbc Global Res raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $77.08.
Read Our Latest Research Report on Trip.com Group
Trip.com Group Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Trip.com Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trip.com Group wasn't on the list.
While Trip.com Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
