Trip.com Group Limited (NASDAQ:TCOM) Stock Position Decreased by State Street Corp

State Street Corp decreased its position in Trip.com Group Limited (NASDAQ:TCOM) by 15.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 156,282 shares of the company’s stock after selling 29,257 shares during the quarter. State Street Corp’s holdings in Trip.com Group were worth $9,288,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TCOM. RPg Family Wealth Advisory LLC acquired a new position in shares of Trip.com Group during the 3rd quarter worth about $38,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after buying an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group in the 2nd quarter valued at $66,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Trip.com Group in the second quarter valued at $74,000. Finally, CWM LLC raised its stake 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 acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

TCOM opened at $73.06 on Friday. The stock has a market cap of $47.06 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.10 and a beta of 0.39. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $66.72 and a 200 day simple moving average of $55.28. Trip.com Group Limited has a 12 month low of $33.90 and a 12 month high of $77.18.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TCOM. TD Cowen increased their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Macquarie boosted their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Barclays raised their price target on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Benchmark raised their target price on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $74.18.

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.