New York State Common Retirement Fund Has $67.32 Million Stake in Trip.com Group Limited (NASDAQ:TCOM)

New York State Common Retirement Fund trimmed its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 980,416 shares of the company's stock after selling 165,447 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of Trip.com Group worth $67,315,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TCOM. Principal Financial Group Inc. boosted its position in Trip.com Group by 87.9% during the fourth quarter. Principal Financial Group Inc. now owns 246,953 shares of the company's stock valued at $16,956,000 after purchasing an additional 115,546 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in Trip.com Group by 4.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 160,005 shares of the company's stock valued at $10,986,000 after purchasing an additional 7,266 shares during the last quarter. Principal Securities Inc. boosted its position in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. Rhumbline Advisers boosted its position in Trip.com Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock valued at $825,000 after purchasing an additional 184 shares during the last quarter. Finally, WCM Investment Management LLC raised its stake in Trip.com Group by 3.2% in the fourth quarter. WCM Investment Management LLC now owns 641,304 shares of the company's stock valued at $44,000,000 after buying an additional 19,966 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Price Performance

NASDAQ:TCOM traded up $0.64 during trading hours on Friday, reaching $66.75. 4,994,647 shares of the company were exchanged, compared to its average volume of 2,749,215. 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 1-year low of $38.23 and a 1-year high of $77.18. The company has a market capitalization of $42.99 billion, a P/E ratio of 19.95, a P/E/G ratio of 0.67 and a beta of 0.37. The business has a 50 day moving average of $68.89 and a 200 day moving average of $60.93.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Cowen upped their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Mizuho upped their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein started 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. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $74.78.

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.