Trip.com Group Limited (NASDAQ:TCOM) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its holdings in Trip.com Group Limited (NASDAQ:TCOM – Get Rating) by 19.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,685 shares of the company’s stock after purchasing an additional 3,621 shares during the period. Crossmark Global Holdings Inc.’s holdings in Trip.com Group were worth $619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wipfli Financial Advisors LLC purchased a new stake in Trip.com Group during the third quarter valued at about $29,000. Captrust Financial Advisors purchased a new stake in shares of Trip.com Group in the second quarter worth about $38,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Trip.com Group in the second quarter worth about $43,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Trip.com Group in the third quarter worth about $50,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Trip.com Group in the second quarter worth about $63,000. Hedge funds and other institutional investors own 52.13% of the company’s stock.

Trip.com Group Trading Up 1.9 %

Shares of NASDAQ:TCOM opened at $38.28 on Friday. The company has a market cap of $22.95 billion, a P/E ratio of -103.46 and a beta of 0.52. The stock’s 50-day moving average is $33.38 and its 200-day moving average is $28.50. Trip.com Group Limited has a 52-week low of $14.29 and a 52-week high of $39.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 1.09.

Trip.com Group (NASDAQ:TCOM – Get Rating) last released its earnings results on Wednesday, December 14th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.10. Trip.com Group had a negative net margin of 8.10% and a positive return on equity of 0.17%. The business had revenue of $968.00 million during the quarter, compared to analysts’ expectations of $922.05 million. Equities research analysts predict that Trip.com Group Limited will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on TCOM shares. Mizuho upped their target price on Trip.com Group from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, January 5th. StockNews.com upgraded Trip.com Group from a “sell” rating to a “hold” rating in a report on Thursday, December 15th. CLSA increased their target price on Trip.com Group from $42.00 to $48.00 in a report on Wednesday. Cowen increased their price objective on Trip.com Group from $30.00 to $40.00 in a report on Friday, January 6th. Finally, UBS Group upgraded Trip.com Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $41.00 in a report on Friday, December 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.89.

Trip.com Group Company Profile

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Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.