Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Paradiem LLC

Paradiem LLC cut its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,844 shares of the company’s stock after selling 11,304 shares during the quarter. Trip.com Group comprises 2.0% of Paradiem LLC’s portfolio, making the stock its 22nd biggest position. Paradiem LLC’s holdings in Trip.com Group were worth $7,267,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of Trip.com Group in the fourth quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the third quarter valued at about $38,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after buying an additional 489 shares in the last quarter. CWM LLC grew its stake in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Trip.com Group by 101.1% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $66.87 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $43.07 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 0.93 and a beta of 0.37. The stock’s fifty day simple moving average is $67.41 and its 200 day simple moving average is $57.51. Trip.com Group Limited has a 52-week low of $35.65 and a 52-week high of $77.18.

Analyst Ratings Changes

TCOM has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Macquarie raised their price objective 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. Mizuho raised their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Citigroup raised their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Barclays raised their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Eleven 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 has a consensus rating of “Buy” and a consensus price target of $74.78.

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.