XY Capital Ltd Lowers Position in Trip.com Group Limited (NASDAQ:TCOM)

XY Capital Ltd trimmed its stake in Trip.com Group Limited (NASDAQ:TCOM) by 98.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,139 shares of the company’s stock after selling 319,549 shares during the quarter. Trip.com Group comprises about 0.2% of XY Capital Ltd’s portfolio, making the stock its 24th largest position. XY Capital Ltd’s holdings in Trip.com Group were worth $422,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Trip.com Group in the third quarter worth about $384,000. LMR Partners LLP purchased a new stake in shares of Trip.com Group in the third quarter worth about $18,435,000. Headwater Capital Co Ltd purchased a new stake in shares of Trip.com Group in the fourth quarter worth about $13,732,000. Massachusetts Financial Services Co. MA boosted its position in shares of Trip.com Group by 85.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock worth $23,478,000 after buying an additional 182,403 shares during the period. Finally, WT Asset Management Ltd boosted its position in shares of Trip.com Group by 92.3% in the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock worth $3,050,000 after buying an additional 21,316 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $69.22 on Monday. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company has a market capitalization of $44.58 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 0.69 and a beta of 0.37. 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 stock has a fifty day moving average of $69.29 and a 200-day moving average of $59.47.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Hsbc Global Res raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, November 19th. Benchmark reiterated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, January 14th. Mizuho raised their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Barclays boosted their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $74.78.

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.