Crossmark Global Holdings Inc. Reduces Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Crossmark Global Holdings Inc. cut its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 26.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 39,965 shares of the company’s stock after selling 14,626 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Trip.com Group were worth $2,375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after purchasing an additional 986 shares during the last quarter. Hilltop National Bank increased its holdings in Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after purchasing an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Trip.com Group during the 2nd quarter worth approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Trip.com Group in the 2nd quarter valued at approximately $74,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Down 4.0 %

Shares of TCOM stock opened at $64.02 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. Trip.com Group Limited has a 1 year low of $31.55 and a 1 year high of $69.67. The stock has a fifty day moving average of $58.22 and a two-hundred day moving average of $51.80. The firm has a market capitalization of $41.23 billion, a PE ratio of 22.38 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. As a group, research analysts expect that Trip.com Group Limited will post 2.93 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TCOM. HSBC downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Sanford C. Bernstein began coverage on Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target for the company. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Hsbc Global Res downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

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.