Nordea Investment Management AB Decreases Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Nordea Investment Management AB lessened its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 893,476 shares of the company's stock after selling 219,587 shares during the quarter. Nordea Investment Management AB owned about 0.14% of Trip.com Group worth $62,007,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC increased 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 worth $138,000 after acquiring an additional 220 shares during the last quarter. Creative Planning increased its position in Trip.com Group by 1.7% during the third quarter. Creative Planning now owns 25,622 shares of the company's stock worth $1,523,000 after purchasing an additional 423 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company's stock worth $500,000 after purchasing an additional 431 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock worth $55,000 after purchasing an additional 489 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new position in Trip.com Group in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TCOM shares. Benchmark raised their price target on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Sanford C. Bernstein initiated coverage on Trip.com Group in a research note on Monday, November 4th. They set an "outperform" rating and a $85.00 target price for the company. HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a report on Tuesday, November 19th. Mizuho boosted their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group has an average rating of "Buy" and an average price target of $74.78.

Trip.com Group Stock Down 0.2 %

TCOM stock traded down $0.10 during mid-day trading on Wednesday, reaching $64.90. The company had a trading volume of 3,194,634 shares, compared to its average volume of 2,903,087. Trip.com Group Limited has a fifty-two week low of $34.42 and a fifty-two week high of $77.18. The company has a market capitalization of $41.80 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a fifty day simple moving average of $67.55 and a 200 day simple moving average of $56.31.

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.