Black Creek Investment Management Inc. Has $121,000 Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Black Creek Investment Management Inc. decreased its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 99.1% in the second quarter, Holdings Channel.com reports. The firm owned 2,573 shares of the company’s stock after selling 297,907 shares during the period. 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 bought and sold shares of the company. Capital World Investors raised its stake in shares of Trip.com Group by 40.4% during the 4th quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock worth $1,382,592,000 after purchasing an additional 11,039,672 shares in the last quarter. Schroder Investment Management Group raised its position in Trip.com Group by 3,752.1% during the fourth quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after acquiring an additional 9,629,673 shares in the last quarter. Brilliance Asset Management Ltd. lifted its stake in Trip.com Group by 433.6% in the fourth quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock valued at $68,585,000 after acquiring an additional 1,547,659 shares during the last quarter. National Bank of Canada FI grew its position in Trip.com Group by 413,028.8% in the first quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock worth $37,715,000 after acquiring an additional 859,100 shares in the last quarter. Finally, Ariose Capital Management Ltd increased its stake in shares of Trip.com Group by 680.1% during the 2nd quarter. Ariose Capital Management Ltd now owns 540,630 shares of the company’s stock worth $25,410,000 after purchasing an additional 471,330 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $47.29 on Monday. The company’s fifty day moving average is $44.93 and its two-hundred day moving average is $47.66. The firm has a market capitalization of $30.46 billion, a price-to-earnings ratio of 21.30 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $58.00.

Analyst Upgrades and Downgrades

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

Trip.com Group 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.