Handelsbanken Fonder AB Decreases Stake in Trip.com Group Limited (NASDAQ:TCOM)

Handelsbanken Fonder AB reduced its stake in Trip.com Group Limited (NASDAQ:TCOM) by 55.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,000 shares of the company’s stock after selling 148,047 shares during the period. Handelsbanken Fonder AB’s holdings in Trip.com Group were worth $8,239,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group purchased a new position in Trip.com Group in the 4th quarter worth approximately $25,000. Principal Securities Inc. grew its position in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after buying an additional 169 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group in the 3rd quarter worth approximately $38,000. Empowered Funds LLC bought a new stake in shares of Trip.com Group in the 4th quarter worth approximately $136,000. Finally, M&T Bank Corp bought a new stake in shares of Trip.com Group in the 3rd quarter worth approximately $224,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Trading Up 1.4 %

Trip.com Group stock opened at $67.02 on Friday. 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 business’s fifty day simple moving average is $68.78 and its two-hundred day simple moving average is $61.25. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a market capitalization of $43.17 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TCOM shares. Benchmark reiterated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, January 14th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. TD Cowen lifted their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein initiated coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $77.31.

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.