Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 62.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,177 shares of the company's stock after selling 88,568 shares during the period. Van ECK Associates Corp's holdings in Trip.com Group were worth $3,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TCOM. FMR LLC lifted its holdings in Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company's stock worth $661,086,000 after acquiring an additional 2,749,365 shares in the last quarter. Sanders Capital LLC raised its holdings in Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company's stock worth $568,531,000 after acquiring an additional 2,462,767 shares in the last quarter. ARGA Investment Management LP increased its stake in shares of Trip.com Group by 46.9% during the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock worth $350,602,000 after purchasing an additional 1,884,044 shares during the period. Cantillon Capital Management LLC grew its position in Trip.com Group by 14.9% during the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock worth $289,328,000 after buying an additional 629,508 shares in the last quarter. Finally, CoreView Capital Management Ltd boosted its holdings in shares of Trip.com Group by 15.8% in the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company's stock valued at $277,905,000 after purchasing an additional 639,000 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Up 0.2 %

NASDAQ TCOM traded up $0.12 on Friday, hitting $66.23. 4,683,307 shares of the stock were exchanged, compared to its average volume of 2,737,664. The company has a 50-day moving average price of $68.89 and a 200-day moving average price of $60.93. 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 market cap of $42.66 billion, a PE ratio of 19.82, a PEG ratio of 0.67 and a beta of 0.37. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

TCOM has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on Trip.com Group in a report on Monday, November 4th. They issued an "outperform" rating and a $85.00 target price on the stock. Barclays lifted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Tuesday, November 19th. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. 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. 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. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $74.78.

About Trip.com Group

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.