Ovata Capital Management Ltd Reduces Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Ovata Capital Management Ltd decreased its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 95.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,600 shares of the company’s stock after selling 217,300 shares during the quarter. Ovata Capital Management Ltd’s holdings in Trip.com Group were worth $461,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TCOM. Capital World Investors increased its stake in shares of Trip.com Group by 40.4% in the 4th quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock worth $1,382,592,000 after acquiring an additional 11,039,672 shares during the last quarter. Schroder Investment Management Group increased its position in Trip.com Group by 3,752.1% during the fourth quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock worth $356,006,000 after purchasing an additional 9,629,673 shares during the last quarter. Brilliance Asset Management Ltd. raised its stake in Trip.com Group by 433.6% during the fourth quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock worth $68,585,000 after purchasing an additional 1,547,659 shares during the period. Green Court Capital Management Ltd boosted its holdings in Trip.com Group by 64.5% in the 4th quarter. Green Court Capital Management Ltd now owns 3,421,281 shares of the company’s stock valued at $123,200,000 after purchasing an additional 1,341,806 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Trip.com Group by 413,028.8% in the 1st quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock valued at $37,715,000 after buying an additional 859,100 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

TCOM opened at $47.72 on Friday. The stock’s 50-day moving average price is $45.09 and its 200 day moving average price is $47.47. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $58.00. The firm has a market cap of $30.74 billion, a price-to-earnings ratio of 21.50 and a beta of 0.39. The company has a current ratio of 1.32, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

Several research firms have recently commented on TCOM. TD Cowen reduced their price target on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Mizuho lifted their target price on Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. CLSA boosted their price objective on shares of Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Barclays upped their target price on shares of Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.50.

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.