Shell Asset Management Co. cut its position in shares of Trip.com Group Limited (NASDAQ:TCOM – Free Report) by 64.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,780 shares of the company’s stock after selling 6,889 shares during the quarter. Shell Asset Management Co.’s holdings in Trip.com Group were worth $132,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Credit Agricole S A acquired a new stake in shares of Trip.com Group during the second quarter worth $25,000. First Horizon Advisors Inc. acquired a new stake in shares of Trip.com Group during the first quarter worth $27,000. Captrust Financial Advisors acquired a new stake in shares of Trip.com Group during the second quarter worth $38,000. Atlas Capital Advisors LLC acquired a new stake in shares of Trip.com Group during the first quarter worth $55,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Trip.com Group during the third quarter worth $66,000. 38.24% of the stock is currently owned by institutional investors and hedge funds.
Trip.com Group Stock Up 1.0 %
Trip.com Group stock opened at $40.00 on Tuesday. Trip.com Group Limited has a 1-year low of $30.70 and a 1-year high of $43.59. The firm has a market capitalization of $25.84 billion, a price-to-earnings ratio of 17.78 and a beta of 0.53. The firm’s fifty day moving average price is $36.00 and its two-hundred day moving average price is $36.11. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16.
Analyst Ratings Changes
A number of research firms have commented on TCOM. Nomura Instinet restated a “neutral” rating on shares of Trip.com Group in a report on Tuesday, November 21st. Nomura cut shares of Trip.com Group from a “buy” rating to a “neutral” rating in a report on Tuesday, November 21st. Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Trip.com Group in a report on Tuesday, November 21st. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Finally, TheStreet upgraded shares of Trip.com Group from a “c” rating to a “b-” rating in a report on Tuesday, November 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average price target of $50.33.
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.
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