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

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

A number of other large investors also recently bought and sold shares of the stock. Diversify Wealth Management LLC raised its stake in Trip.com Group by 17.0% during the first quarter. Diversify Wealth Management LLC now owns 10,643 shares of the company's stock worth $631,000 after purchasing an additional 1,544 shares during the period. Genus Capital Management Inc. raised its stake in Trip.com Group by 200.0% during the first quarter. Genus Capital Management Inc. now owns 5,262 shares of the company's stock worth $335,000 after purchasing an additional 10,524 shares during the period. Cerity Partners LLC raised its stake in Trip.com Group by 57.8% during the first quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock worth $1,377,000 after purchasing an additional 7,929 shares during the period. Ariose Capital Management Ltd acquired a new stake in shares of Trip.com Group in the first quarter worth $17,459,000. Finally, Crossmark Global Holdings Inc. increased its position in shares of Trip.com Group by 6.7% in the first quarter. Crossmark Global Holdings Inc. now owns 33,087 shares of the company's stock worth $2,104,000 after acquiring an additional 2,087 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Down 1.1%

TCOM stock traded down $0.71 during mid-day trading on Thursday, hitting $62.32. 2,583,841 shares of the company were exchanged, compared to its average volume of 3,911,146. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.23 and a twelve month high of $77.18. The firm has a fifty day simple moving average of $61.45 and a 200 day simple moving average of $62.57. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $40.71 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.98 and a beta of 0.07.

Analyst Upgrades and Downgrades

TCOM has been the subject of several recent research reports. TD Securities increased their price objective on shares of 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 shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. Bank of America raised their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. 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 stock. According to MarketBeat.com, Trip.com Group presently has an average rating of "Buy" and a consensus target price of $77.25.

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.