Allspring Global Investments Holdings LLC Sells 133,124 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Allspring Global Investments Holdings LLC reduced its position in Trip.com Group Limited (NASDAQ:TCOM) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,440,284 shares of the company’s stock after selling 133,124 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.22% of Trip.com Group worth $93,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Trip.com Group by 32.8% during the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after acquiring an additional 2,749,365 shares in the last quarter. Sanders Capital LLC lifted its stake in Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. Aspex Management HK Ltd acquired a new stake in shares of Trip.com Group in the 3rd quarter valued at $128,962,000. Wellington Management Group LLP increased its stake in shares of Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after purchasing an additional 1,919,006 shares during the last quarter. Finally, ARGA Investment Management LP raised its holdings in shares of Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after buying an additional 1,884,044 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TCOM has been the topic of several research analyst reports. Sanford C. Bernstein initiated coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective on the stock. Macquarie raised their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. TD Cowen lifted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Mizuho increased their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Trip.com Group presently has a consensus rating of “Buy” and an average price target of $74.78.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $68.06 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The firm has a market cap of $43.84 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 0.69 and a beta of 0.37. The firm’s fifty day moving average is $69.30 and its 200-day moving average is $59.90.

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.