Blue Trust Inc. Sells 5,169 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Blue Trust Inc. cut its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 68.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,376 shares of the company's stock after selling 5,169 shares during the quarter. Blue Trust Inc.'s holdings in Trip.com Group were worth $163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company's stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the last quarter. Sanders Capital LLC boosted its holdings in Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company's stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP boosted its holdings in Trip.com Group by 46.9% during the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock worth $350,602,000 after purchasing an additional 1,884,044 shares during the last quarter. Cantillon Capital Management LLC boosted its stake in Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock valued at $289,328,000 after acquiring an additional 629,508 shares during the last quarter. Finally, CoreView Capital Management Ltd boosted its stake in Trip.com Group by 15.8% in the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company's stock valued at $277,905,000 after acquiring an additional 639,000 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM traded up $0.91 during midday trading on Friday, hitting $67.02. The company's stock had a trading volume of 6,198,392 shares, compared to its average volume of 2,790,048. The stock has a fifty day moving average price of $68.89 and a 200 day moving average price of $60.93. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $43.17 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 0.67 and a beta of 0.37.

Analysts Set New Price Targets

TCOM has been the topic of a number of research analyst reports. 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. Citigroup boosted their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. TD Cowen boosted their target price 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. Benchmark reiterated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, January 14th. Finally, Macquarie boosted their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Eleven investment 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, the company currently has an average rating of "Buy" and a consensus 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.