Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Nkcfo LLC

Nkcfo LLC reduced its stake in Trip.com Group Limited (NASDAQ:TCOM) by 72.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,000 shares of the company’s stock after selling 10,500 shares during the period. Nkcfo LLC’s holdings in Trip.com Group were worth $275,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. abrdn plc boosted its position in Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after purchasing an additional 150 shares during the period. Principal Securities Inc. boosted its holdings in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after acquiring an additional 169 shares during the period. Rhumbline Advisers grew its position in shares of Trip.com Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after acquiring an additional 184 shares during the last quarter. CWM LLC increased its holdings in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after acquiring an additional 220 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Trip.com Group in the 4th quarter valued at about $25,000. 35.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on TCOM. Citigroup upped their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Benchmark reissued a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, January 14th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Macquarie increased their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $74.78.

Trip.com Group Stock Performance

Shares of TCOM opened at $69.25 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s 50 day moving average is $69.38 and its 200-day moving average is $60.34. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The stock has a market capitalization of $44.60 billion, a P/E ratio of 20.73, a P/E/G ratio of 0.69 and a beta of 0.37.

Trip.com Group Company 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.