Massachusetts Financial Services Co. MA Sells 74,065 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Massachusetts Financial Services Co. MA decreased its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 391,403 shares of the company's stock after selling 74,065 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.06% of Trip.com Group worth $24,885,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. CWM LLC boosted its position in Trip.com Group by 15.0% during the first quarter. CWM LLC now owns 2,810 shares of the company's stock worth $179,000 after purchasing an additional 366 shares during the period. Diversify Wealth Management LLC grew its holdings in shares of 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 last quarter. Genus Capital Management Inc. boosted its holdings in Trip.com Group by 200.0% in the first quarter. Genus Capital Management Inc. now owns 5,262 shares of the company's stock valued at $335,000 after acquiring an additional 10,524 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Trip.com Group by 57.8% in the 1st quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock valued at $1,377,000 after buying an additional 7,929 shares during the period. Finally, Ariose Capital Management Ltd acquired a new position in shares of Trip.com Group during the first quarter valued at about $17,459,000. Institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

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

Trip.com Group Price Performance

NASDAQ TCOM traded down $0.07 during trading hours on Tuesday, reaching $63.30. The company's stock had a trading volume of 1,579,634 shares, compared to its average volume of 3,905,635. The company has a market capitalization of $41.35 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 3.04 and a beta of 0.07. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The firm's 50-day moving average price is $61.50 and its 200-day moving average price is $62.43. Trip.com Group Limited Sponsored ADR has a 1 year low of $38.23 and a 1 year high of $77.18.

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.