Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 26.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,965 shares of the company's stock after selling 14,626 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Trip.com Group were worth $2,375,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TCOM. Private Advisor Group LLC bought a new stake in Trip.com Group during the 1st quarter valued at $423,000. Janney Montgomery Scott LLC acquired a new stake in Trip.com Group in the 1st quarter valued at $740,000. QRG Capital Management Inc. lifted its stake in Trip.com Group by 78.2% in the 1st quarter. QRG Capital Management Inc. now owns 13,428 shares of the company's stock valued at $589,000 after buying an additional 5,892 shares in the last quarter. US Bancorp DE lifted its holdings in Trip.com Group by 15.5% in the 1st quarter. US Bancorp DE now owns 24,411 shares of the company's stock valued at $1,071,000 after purchasing an additional 3,270 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Trip.com Group in the 1st quarter valued at about $6,850,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TCOM. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Macquarie raised shares of Trip.com Group to a "strong-buy" rating in a research note on Monday, October 7th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an "outperform" rating and a $85.00 price objective on the stock. Hsbc Global Res downgraded Trip.com Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Finally, Benchmark reiterated a "buy" rating and issued a $72.00 target price on shares of Trip.com Group in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Trip.com Group currently has a consensus rating of "Moderate Buy" and an average target price of $68.33.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM traded down $1.94 during mid-day trading on Wednesday, hitting $62.08. The company had a trading volume of 3,166,204 shares, compared to its average volume of 4,044,804. Trip.com Group Limited has a 1 year low of $31.55 and a 1 year high of $69.67. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $39.99 billion, a price-to-earnings ratio of 21.66 and a beta of 0.39. The stock's 50-day moving average price is $58.56 and its 200-day moving average price is $51.89.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. On average, sell-side analysts forecast that Trip.com Group Limited will post 2.93 earnings per share for the current year.

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.