OLD Mission Capital LLC lowered its holdings in Trip.com Group Limited (NASDAQ:TCOM – Free Report) by 75.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,112 shares of the company’s stock after selling 316,093 shares during the period. OLD Mission Capital LLC’s holdings in Trip.com Group were worth $4,438,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Lindbrook Capital LLC lifted its holdings in Trip.com Group by 11.4% in the first quarter. Lindbrook Capital LLC now owns 3,154 shares of the company’s stock worth $138,000 after acquiring an additional 323 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Trip.com Group by 2.8% during the fourth quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock valued at $435,000 after buying an additional 328 shares during the last quarter. Diversified Trust Co raised its holdings in shares of Trip.com Group by 1.5% during the first quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock valued at $1,083,000 after buying an additional 375 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Trip.com Group by 0.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after buying an additional 375 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Trip.com Group by 14.5% during the fourth quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock valued at $122,000 after buying an additional 430 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.
Trip.com Group Stock Down 0.3 %
Shares of Trip.com Group stock traded down $0.11 on Friday, hitting $43.32. 2,221,381 shares of the company traded hands, compared to its average volume of 3,677,594. The company has a 50-day moving average price of $49.94 and a 200 day moving average price of $46.32. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $58.00. The company has a market cap of $27.90 billion, a PE ratio of 19.56 and a beta of 0.42.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on TCOM. CLSA lifted their price target on Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a report on Monday, May 13th. Benchmark reissued a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a report on Wednesday, June 12th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Citigroup boosted their target price on Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Barclays boosted their target price on Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trip.com Group has a consensus rating of “Moderate Buy” and an average price target of $61.89.
Check Out Our Latest Report on TCOM
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.
Featured Articles
- Five stocks we like better than Trip.com Group
- What is a Low P/E Ratio and What Does it Tell Investors?
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Are Penny Stocks a Good Fit for Your Portfolio?
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Want to see what other hedge funds are holding TCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trip.com Group Limited (NASDAQ:TCOM – Free Report).
Receive News & Ratings for Trip.com Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trip.com Group and related companies with MarketBeat.com's FREE daily email newsletter.