Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 284,105 shares of the company’s stock after selling 15,600 shares during the period. Handelsbanken Fonder AB’s holdings in Trip.com Group were worth $10,231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TCOM. AIA Group Ltd grew its stake in Trip.com Group by 43.1% during the fourth quarter. AIA Group Ltd now owns 90,449 shares of the company’s stock worth $3,257,000 after buying an additional 27,236 shares during the period. Federated Hermes Inc. grew its stake in Trip.com Group by 107.5% during the fourth quarter. Federated Hermes Inc. now owns 1,437,767 shares of the company’s stock worth $51,774,000 after buying an additional 744,797 shares during the period. Vontobel Holding Ltd. grew its stake in Trip.com Group by 0.8% during the fourth quarter. Vontobel Holding Ltd. now owns 7,565,917 shares of the company’s stock worth $272,449,000 after buying an additional 57,275 shares during the period. Cerity Partners LLC grew its stake in Trip.com Group by 2.8% during the fourth quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock worth $435,000 after buying an additional 328 shares during the period. Finally, Lester Murray Antman dba SimplyRich purchased a new stake in Trip.com Group during the fourth quarter worth approximately $210,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Up 0.2 %

Shares of NASDAQ:TCOM opened at $50.60 on Thursday. The stock has a market capitalization of $32.69 billion, a price-to-earnings ratio of 24.44 and a beta of 0.56. Trip.com Group Limited has a 1-year low of $30.70 and a 1-year high of $51.26. The company’s fifty day moving average is $45.62 and its two-hundred day moving average is $38.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Equities analysts anticipate that Trip.com Group Limited will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TCOM shares. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Trip.com Group in a research note on Wednesday, April 17th. Mizuho upped their target price on shares of Trip.com Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Barclays upped their target price on shares of Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. HSBC upped their target price on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Trip.com Group presently has an average rating of “Moderate Buy” and an average target price of $53.67.

Trip.com Group Company Profile

Trip.com Group Limited 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.