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

Massachusetts Financial Services Co. MA reduced its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,415 shares of the company's stock after selling 55,850 shares during the period. Massachusetts Financial Services Co. MA's holdings in Trip.com Group were worth $2,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its holdings in Trip.com Group by 90.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company's stock valued at $34,000 after acquiring an additional 452 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Trip.com Group by 10.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company's stock valued at $143,000 after acquiring an additional 402 shares in the last quarter. West Family Investments Inc. acquired a new position in Trip.com Group in the 4th quarter valued at $204,000. Lester Murray Antman dba SimplyRich acquired a new position in Trip.com Group in the 4th quarter valued at $210,000. Finally, Ballentine Partners LLC acquired a new position in Trip.com Group in the 4th quarter valued at $217,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TCOM. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Monday, May 13th. Barclays boosted their price target on Trip.com Group from $56.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Citigroup upped their target price on Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Benchmark upped their target price on Trip.com Group from $55.00 to $72.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, TD Cowen upped their target price on Trip.com Group from $53.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Trip.com Group has an average rating of "Moderate Buy" and an average price target of $58.70.

Trip.com Group Trading Down 2.1 %

NASDAQ TCOM traded down $1.22 during trading hours on Tuesday, hitting $55.83. 6,449,754 shares of the company's stock were exchanged, compared to its average volume of 3,825,478. The stock has a 50-day simple moving average of $49.09 and a 200 day simple moving average of $41.40. Trip.com Group Limited has a 1-year low of $30.70 and a 1-year high of $58.00. The firm has a market cap of $35.96 billion, a price-to-earnings ratio of 26.76 and a beta of 0.52. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.42 billion. On average, equities analysts forecast that Trip.com Group Limited will post 2.53 EPS for the current fiscal 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.