State Street Corp Cuts Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

State Street Corp reduced its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 156,282 shares of the company's stock after selling 29,257 shares during the quarter. State Street Corp's holdings in Trip.com Group were worth $9,288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Trip.com Group during the 3rd quarter worth approximately $384,000. LMR Partners LLP bought a new position in Trip.com Group during the third quarter worth $18,435,000. Atlas Capital Advisors LLC lifted its holdings in Trip.com Group by 115.7% in the second quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company's stock valued at $171,000 after buying an additional 1,946 shares during the period. Massachusetts Financial Services Co. MA lifted 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 buying an additional 182,403 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new stake in Trip.com Group during the third quarter valued at $2,615,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com raised Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Macquarie boosted their price target on Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" 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 target on the stock in a report on Tuesday, November 19th. Citigroup lifted their price objective on shares of 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, Barclays increased their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $74.18.

Trip.com Group Stock Down 3.4 %

Shares of Trip.com Group stock traded down $2.47 during trading hours on Friday, reaching $70.59. The company's stock had a trading volume of 2,185,188 shares, compared to its average volume of 3,968,261. The company has a market capitalization of $45.47 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.10 and a beta of 0.39. The stock's fifty day simple moving average is $66.90 and its two-hundred day simple moving average is $55.41. Trip.com Group Limited has a one year low of $34.42 and a one year high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

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.