Crossmark Global Holdings Inc. Reduces Stake in Trip.com Group Limited (NASDAQ:TCOM)

Crossmark Global Holdings Inc. decreased its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 22.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 31,000 shares of the company’s stock after selling 8,965 shares during the period. Crossmark Global Holdings Inc.’s holdings in Trip.com Group were worth $2,129,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in Trip.com Group during the 3rd quarter worth about $384,000. LMR Partners LLP bought a new position in Trip.com Group in the 3rd quarter worth about $18,435,000. Headwater Capital Co Ltd bought a new position in Trip.com Group in the 4th quarter worth about $13,732,000. Massachusetts Financial Services Co. MA increased its stake in Trip.com Group by 85.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock worth $23,478,000 after acquiring an additional 182,403 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new position in Trip.com Group in the 3rd quarter worth about $2,615,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

TCOM has been the topic of a number of research analyst reports. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Mizuho upped their target price on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Citigroup increased their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Benchmark reiterated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, January 14th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Stock Up 1.7 %

TCOM stock opened at $68.00 on Friday. Trip.com Group Limited has a twelve month low of $35.90 and a twelve month high of $77.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market cap of $43.80 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 0.96 and a beta of 0.37. The business has a 50 day moving average of $67.51 and a 200 day moving average of $57.58.

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.