Trip.com Group Limited (NASDAQ:TCOM) Stock Position Decreased by Blue Trust Inc.

Blue Trust Inc. cut its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 68.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,376 shares of the company’s stock after selling 5,169 shares during the period. Blue Trust Inc.’s holdings in Trip.com Group were worth $163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Trip.com Group by 32.8% during the 3rd 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 in the last quarter. Sanders Capital LLC raised its stake in shares of Trip.com Group by 34.7% during the 3rd 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 in the last quarter. ARGA Investment Management LP raised its stake in shares of Trip.com Group by 46.9% during the 3rd 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 in the last quarter. Cantillon Capital Management LLC raised its stake in shares of Trip.com Group by 14.9% during the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after purchasing an additional 629,508 shares in the last quarter. Finally, CoreView Capital Management Ltd raised its stake in shares of Trip.com Group by 15.8% during the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after purchasing an additional 639,000 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TCOM shares. Sanford C. Bernstein started coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective on the stock. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Tuesday, November 19th. Macquarie raised their price objective 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. Mizuho raised their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Benchmark reissued a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, January 14th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $74.78.

Trip.com Group Stock Performance

TCOM opened at $66.11 on Friday. The firm has a market capitalization of $42.58 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 0.68 and a beta of 0.37. The stock’s 50 day moving average price is $68.89 and its two-hundred day moving average price is $60.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18.

Trip.com Group 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.