ABS Direct Equity Fund LLC Sells 2,700 Shares of Trip.com Group Limited (NASDAQ:TCOM)

ABS Direct Equity Fund LLC trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,531 shares of the company’s stock after selling 2,700 shares during the quarter. Trip.com Group comprises about 3.1% of ABS Direct Equity Fund LLC’s investment portfolio, making the stock its 14th largest holding. ABS Direct Equity Fund LLC’s holdings in Trip.com Group were worth $2,714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TCOM. CWM LLC grew its stake in shares of Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after buying an additional 220 shares during the last quarter. Brooklyn Investment Group bought a new position in Trip.com Group during the 4th quarter worth $25,000. Creative Planning grew its position in shares of Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after buying an additional 423 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the third quarter valued at about $38,000. Finally, QRG Capital Management Inc. raised its position in shares of Trip.com Group by 5.0% during the third quarter. QRG Capital Management Inc. now owns 14,465 shares of the company’s stock worth $860,000 after acquiring an additional 693 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Down 2.1 %

Shares of Trip.com Group stock opened at $70.00 on Tuesday. Trip.com Group Limited has a 12-month low of $35.90 and a 12-month high of $77.18. The company has a market cap of $45.09 billion, a P/E ratio of 20.96, a PEG ratio of 0.93 and a beta of 0.37. The company’s fifty day simple moving average is $67.91 and its two-hundred day simple moving average is $57.91. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

TCOM has been the subject of several analyst reports. Macquarie raised their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. TD Cowen raised their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, November 19th. Benchmark reissued a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, January 14th. Finally, Citigroup raised their target price on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $74.78.

Trip.com Group 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.