New York State Common Retirement Fund Has $9.18 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

New York State Common Retirement Fund reduced its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,839 shares of the company's stock after selling 20,958 shares during the quarter. New York State Common Retirement Fund's holdings in Trip.com Group were worth $9,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in Trip.com Group by 98.2% in the third quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company's stock worth $190,164,000 after buying an additional 2,695,221 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Trip.com Group by 73.0% in the third quarter. Assenagon Asset Management S.A. now owns 3,341,602 shares of the company's stock worth $116,856,000 after purchasing an additional 1,409,655 shares during the last quarter. NS Partners Ltd bought a new position in shares of Trip.com Group during the third quarter valued at approximately $39,890,000. Nordea Investment Management AB raised its holdings in shares of Trip.com Group by 1,628.6% in the fourth quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company's stock worth $42,368,000 after buying an additional 1,109,727 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Trip.com Group by 107.5% during the 4th quarter. Federated Hermes Inc. now owns 1,437,767 shares of the company's stock worth $51,774,000 after acquiring an additional 744,797 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd. Benchmark reaffirmed a "buy" rating and set a $55.00 target price on shares of Trip.com Group in a research report on Wednesday, April 17th. Citigroup raised their price target on Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Barclays increased their price objective on shares of Trip.com Group from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Finally, Mizuho lifted their price objective on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.67.

Trip.com Group Price Performance

Shares of TCOM stock traded up $2.20 during mid-day trading on Thursday, hitting $50.94. 4,498,530 shares of the stock were exchanged, compared to its average volume of 3,810,357. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. Trip.com Group Limited has a 52-week low of $30.70 and a 52-week high of $51.89. The firm has a fifty day moving average of $46.42 and a 200 day moving average of $39.47. The company has a market cap of $32.91 billion, a PE ratio of 23.55 and a beta of 0.52.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.42 billion. Research analysts anticipate that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Trip.com Group Company Profile

Trip.com Group Limited 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.