New York State Common Retirement Fund Has $41.30 Million Stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

New York State Common Retirement Fund cut its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 33.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 649,503 shares of the company's stock after selling 330,913 shares during the period. New York State Common Retirement Fund owned about 0.10% of Trip.com Group worth $41,295,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TCOM. Raymond James Financial Inc. acquired a new position in shares of Trip.com Group in the 4th quarter worth approximately $4,192,000. Sequoia Financial Advisors LLC raised its holdings in shares of Trip.com Group by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after buying an additional 244 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Trip.com Group by 546.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,419 shares of the company's stock worth $166,000 after buying an additional 2,045 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after buying an additional 510 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Trip.com Group by 1.3% in the 4th quarter. Natixis Advisors LLC now owns 43,103 shares of the company's stock worth $2,960,000 after buying an additional 542 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TCOM has been the topic of a number of research analyst reports. Bank of America increased their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. TD Securities raised their price target on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM traded up $1.29 during trading on Friday, reaching $63.61. 3,403,235 shares of the stock were exchanged, compared to its average volume of 3,913,398. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.23 and a 12 month high of $77.18. The firm has a market cap of $41.55 billion, a PE ratio of 18.44, a PEG ratio of 2.97 and a beta of 0.07. The stock has a 50-day moving average price of $61.45 and a 200-day moving average price of $62.53. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13.

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.