Trip.com Group Limited (NASDAQ:TCOM) Position Reduced by Black Creek Investment Management Inc.

Black Creek Investment Management Inc. reduced its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 99.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,573 shares of the company’s stock after selling 297,907 shares during the quarter. Black Creek Investment Management Inc.’s holdings in Trip.com Group were worth $121,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares during the period. Hilltop National Bank lifted its holdings in Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after acquiring an additional 876 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group in the 2nd quarter valued at about $66,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Trip.com Group during the 2nd quarter valued at about $74,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Trip.com Group in the 1st quarter worth approximately $74,000. 35.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on TCOM shares. Mizuho increased their target price on shares of Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Barclays raised their price objective on Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Benchmark reaffirmed a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research report on Tuesday, August 27th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, TD Cowen cut their price objective on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.50.

Trip.com Group Trading Up 0.4 %

Shares of NASDAQ TCOM opened at $47.29 on Monday. The firm has a market capitalization of $30.46 billion, a PE ratio of 21.30 and a beta of 0.39. Trip.com Group Limited has a one year low of $31.55 and a one year high of $58.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $44.93 and a two-hundred day moving average price of $47.66.

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.