Bank of New York Mellon Corp Trims Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Bank of New York Mellon Corp lowered its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 5.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,659 shares of the company’s stock after selling 1,940 shares during the period. Bank of New York Mellon Corp’s holdings in Trip.com Group were worth $1,723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares during the last quarter. Hilltop National Bank lifted its holdings in Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after buying an additional 876 shares during the last quarter. Clarity Asset Management Inc. bought a new position in Trip.com Group during the 4th quarter worth approximately $66,000. Atlas Capital Advisors LLC bought a new position in Trip.com Group during the 1st quarter worth approximately $74,000. Finally, CWM LLC lifted its holdings in Trip.com Group by 13.5% during the 2nd quarter. CWM LLC now owns 2,107 shares of the company’s stock worth $99,000 after buying an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 0.1 %

TCOM opened at $46.70 on Thursday. Trip.com Group Limited has a 12 month low of $31.55 and a 12 month high of $58.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $30.08 billion, a P/E ratio of 21.04 and a beta of 0.39. The stock’s 50 day moving average price is $44.75 and its 200 day moving average price is $47.68.

Wall Street Analyst Weigh In

A number of research analysts have commented on TCOM shares. Benchmark reaffirmed a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a report on Tuesday, August 27th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. TD Cowen dropped their price target on 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. Finally, Barclays increased their price target on Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.50.

Trip.com Group 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.