Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by KBC Group NV

KBC Group NV trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOMFree Report) by 56.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,486 shares of the company’s stock after selling 156,985 shares during the quarter. KBC Group NV’s holdings in Trip.com Group were worth $4,303,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TCOM. Principal Financial Group Inc. raised its position in Trip.com Group by 0.8% in the third quarter. Principal Financial Group Inc. now owns 105,399 shares of the company’s stock worth $3,686,000 after acquiring an additional 882 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Trip.com Group by 12.4% in the third quarter. New York State Common Retirement Fund now owns 275,797 shares of the company’s stock valued at $9,645,000 after purchasing an additional 30,497 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in Trip.com Group during the third quarter worth about $219,000. Sequoia Financial Advisors LLC boosted its holdings in Trip.com Group by 3.1% during the third quarter. Sequoia Financial Advisors LLC now owns 15,002 shares of the company’s stock worth $525,000 after buying an additional 445 shares in the last quarter. Finally, Pathstone Family Office LLC grew its position in Trip.com Group by 106.0% during the third quarter. Pathstone Family Office LLC now owns 27,604 shares of the company’s stock worth $965,000 after buying an additional 14,204 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TCOM. Mizuho lifted their price target on shares of Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Barclays upped their target price on Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. UBS Group lifted their price target on Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, HSBC increased their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

View Our Latest Stock Analysis on TCOM

Trip.com Group Price Performance

Trip.com Group stock opened at $52.05 on Friday. The stock has a market capitalization of $33.52 billion, a P/E ratio of 23.44 and a beta of 0.44. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $58.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.15 and a quick ratio of 1.15. The firm’s 50-day moving average is $51.18 and its two-hundred day moving average is $42.91.

Trip.com Group 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.

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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