Nordea Investment Management AB Trims Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Nordea Investment Management AB trimmed its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 580,964 shares of the company’s stock after selling 52,875 shares during the quarter. Nordea Investment Management AB’s holdings in Trip.com Group were worth $41,742,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Park Avenue Securities LLC boosted its stake in Trip.com Group by 5.2% in the 4th quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock worth $216,000 after purchasing an additional 148 shares during the period. Allworth Financial LP increased its position in shares of Trip.com Group by 7.0% during the third quarter. Allworth Financial LP now owns 2,154 shares of the company’s stock valued at $162,000 after buying an additional 140 shares during the period. AIA Group Ltd lifted its holdings in shares of Trip.com Group by 22.4% in the third quarter. AIA Group Ltd now owns 228,035 shares of the company’s stock worth $17,148,000 after buying an additional 41,756 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Trip.com Group by 4.7% in the third quarter. CIBC Private Wealth Group LLC now owns 760,366 shares of the company’s stock valued at $57,180,000 after acquiring an additional 34,361 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Trip.com Group in the third quarter valued at approximately $56,979,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

TCOM opened at $51.32 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $33.53 billion, a P/E ratio of 7.66, a PEG ratio of 3.52 and a beta of -0.15. The stock has a 50-day moving average price of $56.77 and a 200-day moving average price of $67.03. Trip.com Group Limited Sponsored ADR has a 12-month low of $49.48 and a 12-month high of $78.99.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TCOM. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Benchmark cut their price target on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Barclays restated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. TD Cowen lowered their price objective on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Trip.com Group has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.