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

Allianz Asset Management GmbH reduced its stake in Trip.com Group Limited (NASDAQ:TCOM) by 10.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 497,489 shares of the company’s stock after selling 56,512 shares during the period. Allianz Asset Management GmbH’s holdings in Trip.com Group were worth $34,156,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TCOM. Brooklyn Investment Group purchased a new stake in shares of Trip.com Group in the 4th quarter valued at approximately $25,000. Principal Securities Inc. increased its holdings in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in Trip.com Group in the third quarter valued at approximately $38,000. Empowered Funds LLC purchased a new stake in Trip.com Group in the fourth quarter valued at approximately $136,000. Finally, Aaron Wealth Advisors LLC acquired a new position in Trip.com Group during the fourth quarter worth $232,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Up 1.4 %

Shares of NASDAQ TCOM opened at $67.02 on Monday. The stock has a market cap of $43.17 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The business has a 50-day moving average price of $68.78 and a 200 day moving average price of $61.39. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TCOM shares. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday, November 19th. Sanford C. Bernstein started coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. Macquarie upped 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. Finally, Citigroup raised their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Trip.com Group currently has an average rating of “Buy” and an average price target of $77.31.

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.