Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 68.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,376 shares of the company’s stock after selling 5,169 shares during the period. Blue Trust Inc.’s holdings in Trip.com Group were worth $163,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of Trip.com Group during the third quarter valued at $384,000. LMR Partners LLP bought a new position in Trip.com Group during the third quarter valued at about $18,435,000. Headwater Capital Co Ltd bought a new position in Trip.com Group during the fourth quarter valued at about $13,732,000. Massachusetts Financial Services Co. MA boosted its stake in Trip.com Group by 85.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock valued at $23,478,000 after buying an additional 182,403 shares in the last quarter. Finally, WT Asset Management Ltd boosted its stake in Trip.com Group by 92.3% during the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock valued at $3,050,000 after buying an additional 21,316 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on TCOM. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein began coverage on Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 target price for the company. Citigroup raised their target price on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Barclays raised their target price on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Mizuho increased their price target on Trip.com Group from $65.00 to $78.00 and gave the company 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Trading Down 0.9 %

Shares of NASDAQ TCOM opened at $66.11 on Friday. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The firm has a market capitalization of $42.58 billion, a PE ratio of 19.79, a PEG ratio of 0.68 and a beta of 0.37. 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 business has a 50-day moving average price of $68.89 and a two-hundred day moving average price of $60.93.

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.