Allspring Global Investments Holdings LLC Has $93.29 Million Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Allspring Global Investments Holdings LLC lowered its position in Trip.com Group Limited (NASDAQ:TCOM) by 8.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,440,284 shares of the company’s stock after selling 133,124 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Trip.com Group were worth $93,287,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after buying an additional 2,749,365 shares during the last quarter. Sanders Capital LLC grew its holdings in Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after acquiring an additional 2,462,767 shares during the period. ARGA Investment Management LP raised its position in shares of Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after acquiring an additional 1,884,044 shares in the last quarter. Cantillon Capital Management LLC lifted its stake in shares of Trip.com Group by 14.9% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after purchasing an additional 629,508 shares during the period. Finally, CoreView Capital Management Ltd boosted its position in shares of Trip.com Group by 15.8% during the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after purchasing an additional 639,000 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Up 3.6 %

NASDAQ:TCOM opened at $68.06 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. 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 cap of $43.84 billion, a PE ratio of 20.38, a PEG ratio of 0.69 and a beta of 0.37. The firm has a 50-day moving average of $69.30 and a 200-day moving average of $59.90.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of research analyst reports. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Tuesday, November 19th. Macquarie lifted their price objective 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. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 target price on the stock. Barclays raised their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. 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. Based on data from MarketBeat, Trip.com Group presently 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.