Thrivent Financial for Lutherans Has $1.24 Million Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Thrivent Financial for Lutherans lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 73.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,815 shares of the company's stock after selling 57,103 shares during the quarter. Thrivent Financial for Lutherans' holdings in Trip.com Group were worth $1,237,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. 1832 Asset Management L.P. lifted its position in shares of Trip.com Group by 4,800.0% during the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company's stock worth $65,767,000 after purchasing an additional 1,370,741 shares in the last quarter. Marshall Wace LLP lifted its holdings in Trip.com Group by 89.6% during the 2nd quarter. Marshall Wace LLP now owns 1,703,234 shares of the company's stock worth $80,052,000 after buying an additional 804,885 shares in the last quarter. New York State Common Retirement Fund boosted its position in Trip.com Group by 155.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company's stock valued at $68,099,000 after buying an additional 696,766 shares during the last quarter. Valliance Asset Management Ltd increased its stake in shares of Trip.com Group by 745.5% in the 3rd quarter. Valliance Asset Management Ltd now owns 702,600 shares of the company's stock valued at $41,756,000 after buying an additional 619,500 shares during the period. Finally, Ariose Capital Management Ltd raised its position in shares of Trip.com Group by 680.1% during the second quarter. Ariose Capital Management Ltd now owns 540,630 shares of the company's stock worth $25,410,000 after acquiring an additional 471,330 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Sanford C. Bernstein initiated coverage on Trip.com Group in a research report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price objective for the company. Mizuho boosted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. TD Cowen raised their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Citigroup increased their target price on Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $74.18.

Trip.com Group Stock Up 0.9 %

Shares of TCOM traded up $0.60 during midday trading on Monday, hitting $65.25. The stock had a trading volume of 2,240,046 shares, compared to its average volume of 4,017,147. The firm has a market cap of $42.03 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 0.97 and a beta of 0.39. The company has a 50 day simple moving average of $62.64 and a two-hundred day simple moving average of $52.85. 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 twelve month low of $32.42 and a twelve month high of $69.67.

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.