Migdal Insurance & Financial Holdings Ltd. Decreases Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Migdal Insurance & Financial Holdings Ltd. lessened its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,765 shares of the company’s stock after selling 295 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Trip.com Group were worth $121,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. abrdn plc raised its position in shares of Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after buying an additional 150 shares during the period. CWM LLC raised its position in shares of Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after buying an additional 220 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Trip.com Group during the 4th quarter valued at approximately $25,000. Creative Planning raised its position in shares of Trip.com Group by 1.7% during the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after buying an additional 423 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of Trip.com Group during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $69.22 on Friday. The company has a fifty day simple moving average of $69.20 and a two-hundred day simple moving average of $59.22. The company has a market cap of $44.58 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 0.71 and a beta of 0.37. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TCOM shares. Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, January 14th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Tuesday, November 19th. Macquarie boosted their target price on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Citigroup boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $74.78.

About Trip.com Group

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.