Handelsbanken Fonder AB Has $10.23 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Handelsbanken Fonder AB lessened its position in Trip.com Group Limited (NASDAQ:TCOM) by 5.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC raised its holdings in shares of Trip.com Group by 98.2% in the third quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock valued at $190,164,000 after buying an additional 2,695,221 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Trip.com Group by 73.0% in the third quarter. Assenagon Asset Management S.A. now owns 3,341,602 shares of the company’s stock valued at $116,856,000 after buying an additional 1,409,655 shares during the last quarter. NS Partners Ltd bought a new position in shares of Trip.com Group in the third quarter valued at about $39,890,000. Nordea Investment Management AB raised its holdings in shares of Trip.com Group by 1,628.6% in the fourth quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock valued at $42,368,000 after buying an additional 1,109,727 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Trip.com Group by 107.5% in the fourth quarter. Federated Hermes Inc. now owns 1,437,767 shares of the company’s stock valued at $51,774,000 after buying an additional 744,797 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $50.60 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17. The stock has a 50-day moving average of $45.62 and a 200-day moving average of $38.93. Trip.com Group Limited has a one year low of $30.70 and a one year high of $51.26. The stock has a market cap of $32.69 billion, a PE ratio of 24.44 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. As a group, sell-side analysts expect that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Trip.com Group in a report on Wednesday, April 17th. Mizuho boosted their price objective on Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. UBS Group boosted their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, HSBC boosted their price objective on Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.