Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by XY Capital Ltd

XY Capital Ltd trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 98.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,139 shares of the company’s stock after selling 319,549 shares during the period. Trip.com Group makes up about 0.2% of XY Capital Ltd’s holdings, making the stock its 24th largest holding. XY Capital Ltd’s holdings in Trip.com Group were worth $422,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Trip.com Group during the fourth quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in Trip.com Group during the third quarter worth $38,000. Empowered Funds LLC acquired a new position in Trip.com Group during the fourth quarter worth $136,000. CWM LLC lifted its stake in Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after purchasing an additional 220 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Trip.com Group by 101.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock worth $189,000 after purchasing an additional 1,595 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on TCOM shares. TD Cowen raised their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Tuesday, November 19th. Citigroup boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein initiated coverage on Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price for the company. 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, the stock has an average rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Stock Performance

Trip.com Group stock opened at $69.22 on Monday. 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 stock has a fifty day moving average of $69.29 and a two-hundred day moving average of $59.47. The company has a market capitalization of $44.58 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 0.69 and a beta of 0.37. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.

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.