Crossmark Global Holdings Inc. grew its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,487 shares of the company’s stock after purchasing an additional 360 shares during the period. Crossmark Global Holdings Inc.’s holdings in Trip.com Group were worth $545,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Capital Analysts LLC lifted its holdings in shares of Trip.com Group by 63.5% during the 2nd quarter. Capital Analysts LLC now owns 1,583 shares of the company’s stock valued at $41,000 after acquiring an additional 615 shares in the last quarter. Signaturefd LLC grew its position in Trip.com Group by 35.3% in the second quarter. Signaturefd LLC now owns 1,831 shares of the company’s stock valued at $47,000 after acquiring an additional 478 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Trip.com Group by 41.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,354 shares of the company’s stock worth $60,000 after buying an additional 685 shares during the period. Evolution Wealth Advisors LLC boosted its holdings in Trip.com Group by 10,594.3% in the second quarter. Evolution Wealth Advisors LLC now owns 5,668 shares of the company’s stock valued at $147,000 after purchasing an additional 5,615 shares during the last quarter. Finally, Advisor Group Holdings Inc. bought a new stake in shares of Trip.com Group in the first quarter worth $152,000. 70.31% of the stock is owned by institutional investors.
Shares of NASDAQ:TCOM opened at $29.84 on Thursday. Trip.com Group Limited has a 1 year low of $20.10 and a 1 year high of $38.95. The business has a fifty day simple moving average of $30.24 and a 200 day simple moving average of $26.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of -40.88 and a beta of 1.60.
A number of equities research analysts recently weighed in on TCOM shares. ValuEngine downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Monday, August 3rd. Citigroup upgraded shares of Trip.com Group from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Friday, July 10th. Bank of America reduced their price target on shares of Trip.com Group from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Benchmark raised their price objective on shares of Trip.com Group from $33.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Finally, Oppenheimer reissued a “buy” rating and set a $33.00 target price on shares of Trip.com Group in a report on Friday, September 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Trip.com Group currently has a consensus rating of “Hold” and a consensus price target of $33.23.
About Trip.com Group
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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