Massachusetts Financial Services Co. MA Sells 10,824 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Massachusetts Financial Services Co. MA lessened its stake in Trip.com Group Limited (NASDAQ:TCOMFree Report) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,265 shares of the company’s stock after selling 10,824 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Trip.com Group were worth $4,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TCOM. Credit Agricole S A bought a new stake in shares of Trip.com Group in the 2nd quarter worth approximately $25,000. First Horizon Advisors Inc. bought a new stake in shares of Trip.com Group in the 1st quarter worth approximately $27,000. Captrust Financial Advisors bought a new stake in Trip.com Group during the 2nd quarter valued at $38,000. Atlas Capital Advisors LLC bought a new stake in Trip.com Group during the 1st quarter valued at $55,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Trip.com Group during the 3rd quarter valued at $66,000. 38.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Trip.com Group in a report on Tuesday, November 21st. Nomura Instinet reiterated a “neutral” rating on shares of Trip.com Group in a report on Tuesday, November 21st. TheStreet upgraded shares of Trip.com Group from a “c” rating to a “b-” rating in a report on Tuesday, November 21st. Nomura lowered shares of Trip.com Group from a “buy” rating to a “neutral” rating in a report on Tuesday, November 21st. Finally, StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.33.

Read Our Latest Research Report on TCOM

Trip.com Group Stock Up 1.5 %

NASDAQ:TCOM opened at $39.59 on Monday. The firm’s 50-day moving average price is $35.87 and its 200-day moving average price is $36.09. The company has a market capitalization of $25.58 billion, a PE ratio of 17.60 and a beta of 0.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.17. Trip.com Group Limited has a 1-year low of $30.70 and a 1-year high of $43.59.

Trip.com Group (NASDAQ:TCOMGet Free Report) last announced its quarterly earnings data on Monday, November 20th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.61 by $0.28. Trip.com Group had a net margin of 27.48% and a return on equity of 7.95%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.88 billion. On average, equities analysts predict that Trip.com Group Limited will post 1.98 EPS for the current fiscal year.

Trip.com Group Company Profile

(Free Report)

Trip.com Group Limited 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.

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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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