E Fund Management Hong Kong Co. Ltd. Sells 14,922 Shares of Trip.com Group Limited (NASDAQ:TCOM)

E Fund Management Hong Kong Co. Ltd. decreased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 45.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,140 shares of the company’s stock after selling 14,922 shares during the quarter. Trip.com Group accounts for about 1.0% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 17th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Trip.com Group were worth $1,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Trip.com Group in the 4th quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group during the third quarter valued at approximately $38,000. CWM LLC raised its stake in shares of Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Trip.com Group by 101.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock valued at $189,000 after purchasing an additional 1,595 shares during the period. Finally, M&T Bank Corp purchased a new position in Trip.com Group during the 3rd quarter worth $224,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TCOM has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, January 14th. Mizuho lifted their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays increased their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Macquarie boosted 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. Finally, TD Cowen increased their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. 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, the stock currently has a consensus rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $71.52 on Monday. Trip.com Group Limited has a 12-month low of $35.90 and a 12-month high of $77.18. The business’s fifty day simple moving average is $67.91 and its 200-day simple moving average is $57.85. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market cap of $46.07 billion, a PE ratio of 21.41, a PEG ratio of 0.93 and a beta of 0.37.

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.