Barclays PLC lowered its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 30.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,096 shares of the company's stock after selling 68,524 shares during the period. Barclays PLC's holdings in Trip.com Group were worth $9,098,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC grew its position in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $138,000 after purchasing an additional 220 shares during the last quarter. Creative Planning lifted its stake in shares of Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company's stock worth $1,523,000 after buying an additional 423 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company's stock valued at $500,000 after buying an additional 431 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock valued at $55,000 after acquiring an additional 489 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in Trip.com Group by 3.5% in the 2nd quarter. Ritholtz Wealth Management now owns 14,919 shares of the company's stock worth $701,000 after acquiring an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.
Trip.com Group Price Performance
Shares of NASDAQ:TCOM opened at $74.61 on Wednesday. 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 stock has a market capitalization of $48.06 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The firm's 50 day moving average price is $65.18 and its 200-day moving average price is $54.29. Trip.com Group Limited has a twelve month low of $33.33 and a twelve month high of $77.18.
Wall Street Analysts Forecast Growth
Several brokerages have commented on TCOM. 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 on the stock. Mizuho increased their price objective 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. Benchmark boosted their target price on Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. Finally, Hsbc Global Res upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $74.18.
Check Out Our Latest Stock Report on TCOM
Trip.com Group Company Profile
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Free Report)
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.
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