Handelsbanken Fonder AB Sells 148,047 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Handelsbanken Fonder AB trimmed its stake in Trip.com Group Limited (NASDAQ:TCOM) by 55.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,000 shares of the company’s stock after selling 148,047 shares during the quarter. Handelsbanken Fonder AB’s holdings in Trip.com Group were worth $8,239,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the last quarter. Sanders Capital LLC raised its stake in shares of Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. Aspex Management HK Ltd purchased a new position in shares of Trip.com Group in the third quarter worth $128,962,000. Wellington Management Group LLP raised its stake in shares of Trip.com Group by 557.8% in the third 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 during the last quarter. Finally, ARGA Investment Management LP raised its stake in shares of Trip.com Group by 46.9% in the third 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 last quarter. 35.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TCOM has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, January 14th. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Trip.com Group has a consensus rating of “Buy” and a consensus price target of $77.31.

Trip.com Group Stock Performance

Shares of TCOM opened at $67.02 on Friday. The stock has a market cap of $43.17 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 0.67 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 business has a 50-day simple moving average of $68.78 and a two-hundred day simple moving average of $61.25. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18.

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.