Massachusetts Financial Services Co. MA Cuts Stock Holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Massachusetts Financial Services Co. MA lessened its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 15.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 391,403 shares of the company's stock after selling 74,065 shares during the period. 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.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI lifted its position in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after acquiring an additional 321 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings 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 during the period. GAMMA Investing LLC lifted its holdings in shares of Trip.com Group by 6,259.0% during the 1st quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock worth $158,000 after acquiring an additional 2,441 shares during the period. CWM LLC increased its position in shares of Trip.com Group by 15.0% during the 1st quarter. CWM LLC now owns 2,810 shares of the company's stock worth $179,000 after purchasing an additional 366 shares in the last quarter. Finally, Natixis increased its position in shares of Trip.com Group by 13.1% during the 4th quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after purchasing an additional 313 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Up 2.1%

NASDAQ TCOM traded up $1.29 during mid-day trading on Friday, hitting $63.61. The company's stock had a trading volume of 4,388,990 shares, compared to its average volume of 3,919,453. The company's 50 day simple moving average is $61.50 and its 200 day simple moving average is $62.45. Trip.com Group Limited Sponsored ADR has a twelve month low of $38.23 and a twelve month high of $77.18. 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 firm has a market capitalization of $41.55 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 3.00 and a beta of 0.07.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TCOM shares. Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. Bank of America boosted their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Finally, TD Securities increased their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. One 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's stock. According to MarketBeat, the company presently 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.