Mackenzie Financial Corp Sells 58,309 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Mackenzie Financial Corp lowered its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 596,759 shares of the company's stock after selling 58,309 shares during the quarter. Mackenzie Financial Corp owned about 0.09% of Trip.com Group worth $40,973,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. WT Asset Management Ltd boosted its stake in shares of Trip.com Group by 92.3% during the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after buying an additional 21,316 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in Trip.com Group in the fourth quarter worth $382,000. BOCHK Asset Management Ltd increased its holdings in shares of Trip.com Group by 85.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock valued at $893,000 after purchasing an additional 6,000 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Trip.com Group during the fourth quarter valued at $4,192,000. Finally, Capital Advisory Group Advisory Services LLC acquired a new position in shares of Trip.com Group during the fourth quarter valued at $381,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Analysts Set New Price Targets

TCOM has been the subject of a number of recent analyst reports. Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. JPMorgan Chase & Co. cut their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Bank of America boosted their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Mizuho raised Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $77.25.

Trip.com Group Stock Up 2.3%

Trip.com Group stock traded up $1.42 during midday trading on Wednesday, reaching $63.17. The stock had a trading volume of 1,670,761 shares, compared to its average volume of 3,982,468. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a market capitalization of $41.27 billion, a P/E ratio of 18.91, a PEG ratio of 0.67 and a beta of 0.08. The company has a fifty day moving average price of $60.06 and a two-hundred day moving average price of $64.38. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

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.