TB Alternative Assets Ltd. Has $23.94 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

TB Alternative Assets Ltd. cut its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 8.1% during the 3rd quarter, Holdings Channel reports. The firm owned 768,800 shares of the company’s stock after selling 67,700 shares during the quarter. Trip.com Group comprises 3.7% of TB Alternative Assets Ltd.’s portfolio, making the stock its 5th biggest holding. TB Alternative Assets Ltd.’s holdings in Trip.com Group were worth $23,940,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Capital Analysts LLC lifted its holdings in shares of Trip.com Group by 63.5% during the 2nd quarter. Capital Analysts LLC now owns 1,583 shares of the company’s stock worth $41,000 after acquiring an additional 615 shares during the period. Signaturefd LLC lifted its stake in Trip.com Group by 35.3% in the 2nd quarter. Signaturefd LLC now owns 1,831 shares of the company’s stock valued at $47,000 after purchasing an additional 478 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Trip.com Group by 41.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,354 shares of the company’s stock valued at $60,000 after purchasing an additional 685 shares during the last quarter. Evolution Wealth Advisors LLC lifted its stake in Trip.com Group by 10,594.3% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 5,668 shares of the company’s stock valued at $147,000 after purchasing an additional 5,615 shares during the last quarter. Finally, Advisor Group Holdings Inc. bought a new position in Trip.com Group in the 1st quarter valued at approximately $152,000. Institutional investors own 70.31% of the company’s stock.

Shares of Trip.com Group stock traded up $0.16 on Friday, hitting $29.91. 2,978,650 shares of the company’s stock traded hands, compared to its average volume of 6,056,998. Trip.com Group Limited has a one year low of $20.10 and a one year high of $38.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.95 and a quick ratio of 0.95. The company has a fifty day moving average of $30.28 and a two-hundred day moving average of $27.05. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of -40.97 and a beta of 1.60.

Several equities analysts have recently issued reports on TCOM shares. Benchmark raised their price target on shares of Trip.com Group from $33.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Bank of America dropped their price target on shares of Trip.com Group from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Citigroup raised shares of Trip.com Group from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Friday, July 10th. ValuEngine downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Barclays raised their price target on shares of Trip.com Group from $31.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, September 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $33.23.

About Trip.com Group

Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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