Boston Common Asset Management LLC Sells 37,914 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Boston Common Asset Management LLC trimmed its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 16.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,692 shares of the company's stock after selling 37,914 shares during the period. Boston Common Asset Management LLC's holdings in Trip.com Group were worth $11,933,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. National Bank of Canada FI raised its holdings in Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after buying an additional 321 shares during the period. Rakuten Securities Inc. raised its holdings in Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after buying an additional 449 shares during the period. Principal Securities Inc. grew its stake in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after acquiring an additional 510 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Trip.com Group during the 4th quarter worth approximately $94,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Down 3.2%

Shares of NASDAQ:TCOM traded down $2.07 during midday trading on Friday, hitting $62.49. The stock had a trading volume of 2,154,585 shares, compared to its average volume of 3,978,125. Trip.com Group Limited has a 12 month low of $38.23 and a 12 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 business's 50-day simple moving average is $60.03 and its 200-day simple moving average is $64.34. The company has a market cap of $40.82 billion, a P/E ratio of 18.71, a PEG ratio of 0.67 and a beta of 0.08.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. TD Securities raised their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $77.25.

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.