Thrivent Financial for Lutherans Reduces Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Thrivent Financial for Lutherans trimmed its position in Trip.com Group Limited (NASDAQ:TCOM) by 73.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,815 shares of the company’s stock after selling 57,103 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Trip.com Group were worth $1,237,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TCOM. CWM LLC boosted its holdings in Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after buying an additional 220 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Trip.com Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after acquiring an additional 344 shares in the last quarter. Creative Planning grew its position in shares of Trip.com Group by 1.7% during the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after acquiring an additional 423 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Trip.com Group by 4.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after purchasing an additional 431 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on TCOM. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, November 19th. Barclays lifted their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Benchmark upped their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen lifted their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Mizuho upped their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group has a consensus rating of “Buy” and an average price target of $74.18.

Trip.com Group Stock Up 1.3 %

Shares of NASDAQ TCOM opened at $64.65 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $62.64 and a 200 day moving average of $52.85. Trip.com Group Limited has a 12-month low of $32.42 and a 12-month high of $69.67. The stock has a market cap of $41.64 billion, a PE ratio of 19.36, a P/E/G ratio of 0.97 and a beta of 0.39.

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.