Nkcfo LLC Sells 10,500 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Nkcfo LLC lowered its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 72.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the company's stock after selling 10,500 shares during the quarter. Nkcfo LLC's holdings in Trip.com Group were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of TCOM. Brooklyn Investment Group purchased a new position in shares of Trip.com Group in the fourth quarter worth $25,000. Principal Securities Inc. raised its stake in shares of Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after purchasing an additional 169 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new position in shares of Trip.com Group in the third quarter worth $38,000. Empowered Funds LLC purchased a new position in shares of Trip.com Group in the fourth quarter worth $136,000. Finally, CWM LLC raised its stake in shares of Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company's stock worth $138,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

NASDAQ:TCOM traded down $0.49 during mid-day trading on Wednesday, hitting $66.68. 1,987,472 shares of the company traded hands, compared to its average volume of 2,587,220. The stock's fifty day moving average price is $69.05 and its 200-day moving average price is $60.90. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market cap of $42.95 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 0.70 and a beta of 0.37.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Macquarie boosted their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Citigroup upped their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. TD Cowen upped their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, Hsbc Global Res upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $74.78.

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.