State Street Corp Sells 29,257 Shares of Trip.com Group Limited (NASDAQ:TCOM)

State Street Corp lowered its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 15.8% in the third quarter, Holdings Channel reports. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Trip.com Group during the 3rd quarter worth about $38,000. Benjamin F. Edwards & Company Inc. boosted its position in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after purchasing an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group in the second quarter valued at approximately $66,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Trip.com Group during the 2nd quarter worth approximately $74,000. Finally, CWM LLC boosted its holdings in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after buying an additional 220 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Up 1.0 %

Shares of TCOM stock opened at $73.06 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a fifty-two week low of $33.90 and a fifty-two week high of $77.18. The company has a market cap of $47.06 billion, a PE ratio of 21.87, a P/E/G ratio of 1.10 and a beta of 0.39. The stock’s fifty day moving average price is $66.72 and its two-hundred day moving average price is $55.28.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TCOM shares. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective on the stock. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Citigroup lifted their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Barclays boosted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Mizuho raised their price objective 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. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group currently has a consensus rating of “Buy” and an average price target of $74.18.

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.