Allianz Asset Management GmbH Trims Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Allianz Asset Management GmbH decreased its stake in Trip.com Group Limited (NASDAQ:TCOM) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 497,489 shares of the company’s stock after selling 56,512 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.08% of Trip.com Group worth $34,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TCOM. Brooklyn Investment Group purchased a new stake in Trip.com Group in the 4th quarter worth approximately $25,000. Principal Securities Inc. boosted its holdings in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after buying an additional 169 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in Trip.com Group during the third quarter worth $38,000. Empowered Funds LLC acquired a new stake in Trip.com Group during the fourth quarter valued at $136,000. Finally, M&T Bank Corp purchased a new position in Trip.com Group in the third quarter valued at $224,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Up 1.4 %

NASDAQ TCOM opened at $67.02 on Monday. The business has a fifty day moving average price of $68.78 and a 200 day moving average price of $61.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $43.17 billion, a P/E ratio of 20.07, a P/E/G ratio of 0.67 and a beta of 0.37. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18.

Wall Street Analyst Weigh In

TCOM has been the topic of several recent analyst reports. Macquarie increased their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. TD Cowen boosted their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein began coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target for the company. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $77.31.

About Trip.com Group

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.