Trip.com Group Limited (NASDAQ:TCOM) Stock Position Reduced by Nordea Investment Management AB

Nordea Investment Management AB lessened its stake in Trip.com Group Limited (NASDAQ:TCOM) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 893,476 shares of the company’s stock after selling 219,587 shares during the quarter. Nordea Investment Management AB owned 0.14% of Trip.com Group worth $62,007,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC lifted its stake in Trip.com Group by 10.4% in 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 during the last quarter. Creative Planning raised its holdings in Trip.com Group by 1.7% during the third quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after buying an additional 423 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Trip.com Group by 4.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock worth $500,000 after buying an additional 431 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after acquiring an additional 489 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of Trip.com Group in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TCOM. Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Benchmark increased their target price on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. TD Cowen upped their price target on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, 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. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Stock Down 0.5 %

Shares of NASDAQ:TCOM opened at $65.00 on Wednesday. Trip.com Group Limited has a 12 month low of $34.42 and a 12 month high of $77.18. The firm has a market cap of $41.87 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.10 and a beta of 0.37. 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 company’s 50-day moving average price is $67.55 and its two-hundred day moving average price is $56.31.

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.