Diversified Trust Co Sells 1,092 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Diversified Trust Co lessened its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,708 shares of the company’s stock after selling 1,092 shares during the period. Diversified Trust Co’s holdings in Trip.com Group were worth $1,628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its stake in shares of Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after buying an additional 2,749,365 shares during the period. Sanders Capital LLC boosted its holdings in Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after acquiring an additional 2,462,767 shares in the last quarter. Aspex Management HK Ltd purchased a new position in Trip.com Group during the 3rd quarter valued at $128,962,000. Wellington Management Group LLP raised its holdings in Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after purchasing an additional 1,919,006 shares in the last quarter. Finally, ARGA Investment Management LP lifted its position in shares of Trip.com Group by 46.9% in the 3rd 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. Institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TCOM. Sanford C. Bernstein initiated coverage on shares of 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. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Macquarie raised their target price on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Benchmark upped their price target on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Citigroup increased their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Eleven investment 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, Trip.com Group has a consensus rating of “Buy” and an average price target of $74.78.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $64.90 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $41.80 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.37. Trip.com Group Limited has a one year low of $34.42 and a one year high of $77.18. The company’s 50-day moving average is $67.55 and its 200 day moving average is $56.37.

Trip.com Group 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.