Barclays PLC Sells 68,524 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Barclays PLC lowered its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 30.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,096 shares of the company’s stock after selling 68,524 shares during the quarter. Barclays PLC’s holdings in Trip.com Group were worth $9,098,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. MML Investors Services LLC lifted its holdings in shares of Trip.com Group by 12.3% during the 3rd quarter. MML Investors Services LLC now owns 14,126 shares of the company’s stock valued at $839,000 after purchasing an additional 1,546 shares in the last quarter. XTX Topco Ltd raised its holdings in Trip.com Group by 53.8% during the 3rd quarter. XTX Topco Ltd now owns 16,612 shares of the company’s stock worth $987,000 after buying an additional 5,813 shares during the period. CoreView Capital Management Ltd lifted its stake in Trip.com Group by 15.8% in the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after buying an additional 639,000 shares in the last quarter. Oxbow Capital Management HK Ltd acquired a new position in shares of Trip.com Group in the third quarter valued at approximately $26,744,000. Finally, Wellington Management Group LLP increased its position in shares of Trip.com Group by 557.8% during the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after acquiring an additional 1,919,006 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TCOM. Macquarie boosted their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Mizuho upped their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Barclays boosted their target price on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 price target for the company. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Stock Up 2.8 %

NASDAQ:TCOM opened at $74.61 on Wednesday. Trip.com Group Limited has a twelve month low of $33.33 and a twelve month high of $77.18. The firm has a market capitalization of $48.06 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $65.18 and its two-hundred day moving average price is $54.29.

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.