U S Global Investors Inc. Trims Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

U S Global Investors Inc. decreased its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 30.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,601 shares of the company’s stock after selling 65,265 shares during the quarter. Trip.com Group makes up approximately 1.0% of U S Global Investors Inc.’s holdings, making the stock its 21st largest holding. U S Global Investors Inc.’s holdings in Trip.com Group were worth $10,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James & Associates raised its holdings in Trip.com Group by 9.1% in the third quarter. Raymond James & Associates now owns 40,998 shares of the company’s stock valued at $2,437,000 after buying an additional 3,425 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Trip.com Group by 79.2% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 33,062 shares of the company’s stock worth $1,965,000 after acquiring an additional 14,612 shares during the period. New York State Common Retirement Fund grew its position in Trip.com Group by 155.1% in the third quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock valued at $68,099,000 after acquiring an additional 696,766 shares in the last quarter. WT Asset Management Ltd purchased a new stake in shares of Trip.com Group during the third quarter valued at approximately $1,373,000. Finally, Van ECK Associates Corp grew its stake in shares of Trip.com Group by 27.7% during the third quarter. Van ECK Associates Corp now owns 142,745 shares of the company’s stock valued at $8,770,000 after acquiring an additional 30,988 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Hsbc Global Res raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. TD Cowen upped their price target on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Mizuho lifted their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price on the stock. Finally, Citigroup lifted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Stock Performance

TCOM opened at $57.20 on Friday. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The stock has a market cap of $36.84 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37. The business’s 50 day moving average is $67.71 and its 200-day moving average is $61.61. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Company 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.