Trip.com Group Limited (NASDAQ:TCOM) Stake Lowered by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,000 shares of the company's stock after selling 8,965 shares during the period. Crossmark Global Holdings Inc.'s holdings in Trip.com Group were worth $2,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in Trip.com Group in the 3rd quarter worth about $384,000. LMR Partners LLP acquired a new stake in shares of Trip.com Group in the third quarter worth approximately $18,435,000. Headwater Capital Co Ltd acquired a new stake in shares of Trip.com Group in the fourth quarter worth approximately $13,732,000. Massachusetts Financial Services Co. MA grew its holdings in Trip.com Group by 85.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company's stock valued at $23,478,000 after purchasing an additional 182,403 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new position in Trip.com Group during the third quarter worth approximately $2,615,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Up 5.2 %

Shares of NASDAQ:TCOM traded up $3.52 during midday trading on Friday, reaching $71.52. The company had a trading volume of 2,714,993 shares, compared to its average volume of 2,593,199. The stock has a market capitalization of $46.07 billion, a P/E ratio of 21.41, a PEG ratio of 0.93 and a beta of 0.37. The stock's fifty day moving average price is $67.67 and its 200-day moving average price is $57.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a one year low of $35.90 and a one year high of $77.18.

Analysts Set New Price Targets

TCOM has been the subject of a number of research analyst reports. Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, January 14th. HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Tuesday, November 19th. Barclays lifted their price objective 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. Macquarie raised their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a report on Wednesday, November 20th. 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 an average rating of "Buy" and an average price target of $74.78.

Trip.com Group 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.