Vontobel Holding Ltd. Cuts Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Vontobel Holding Ltd. lessened its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,903,026 shares of the company's stock after selling 418,175 shares during the period. Vontobel Holding Ltd. owned 0.30% of Trip.com Group worth $130,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TCOM. Brooklyn Investment Group bought a new position in shares of Trip.com Group during the 4th quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of Trip.com Group during the 3rd quarter valued at about $38,000. Empowered Funds LLC bought a new position in shares of Trip.com Group in the 4th quarter valued at about $136,000. CWM LLC lifted its holdings 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 valued at $138,000 after acquiring an additional 220 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Trip.com Group by 101.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company's stock valued at $189,000 after acquiring an additional 1,595 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of analyst reports. Macquarie increased their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, January 14th. 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. Barclays increased their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Finally, StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $74.78.

Trip.com Group Trading Down 3.0 %

Shares of NASDAQ:TCOM traded down $2.08 during trading on Tuesday, reaching $67.17. 4,001,778 shares of the company were exchanged, compared to its average volume of 2,606,463. The firm has a market capitalization of $43.26 billion, a PE ratio of 20.11, a P/E/G ratio of 0.69 and a beta of 0.37. The business's fifty day simple moving average is $69.17 and its 200-day simple moving average is $60.86. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

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.