Capital Advisory Group Advisory Services LLC Trims Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Capital Advisory Group Advisory Services LLC cut its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 15.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,708 shares of the company’s stock after selling 838 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Trip.com Group were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TCOM. National Bank of Canada FI lifted its stake in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after purchasing an additional 321 shares during the last quarter. Rakuten Securities Inc. increased its position in shares of Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after acquiring an additional 449 shares during the last quarter. Principal Securities Inc. raised its stake in shares of 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 acquiring an additional 169 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after acquiring an additional 510 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Trip.com Group in the 4th quarter worth approximately $94,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Down 0.6%

NASDAQ TCOM opened at $61.96 on Wednesday. The firm’s fifty day moving average price is $59.89 and its 200 day moving average price is $64.34. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $40.48 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 0.67 and a beta of 0.09.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TCOM. Bank of America raised their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. TD Securities raised their target price on Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Mizuho upgraded shares of Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. Finally, Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $77.25.

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.