U S Global Investors Inc. Has $10.20 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

U S Global Investors Inc. decreased its stake in Trip.com Group Limited (NASDAQ:TCOM) by 30.5% in the fourth quarter, HoldingsChannel reports. The firm owned 148,601 shares of the company’s stock after selling 65,265 shares during the period. Trip.com Group accounts for 1.0% of U S Global Investors Inc.’s holdings, making the stock its 21st biggest position. 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 & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Trip.com Group in the third quarter valued at $384,000. LMR Partners LLP purchased a new position in Trip.com Group during the 3rd quarter valued at about $18,435,000. Headwater Capital Co Ltd purchased a new stake in shares of Trip.com Group in the fourth quarter worth approximately $13,732,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Trip.com Group by 85.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock worth $23,478,000 after purchasing an additional 182,403 shares during the period. Finally, WT Asset Management Ltd grew its position in Trip.com Group by 92.3% during the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock valued at $3,050,000 after purchasing an additional 21,316 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $57.20 on Friday. The company has a 50-day moving average of $67.71 and a 200-day moving average of $61.61. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The company has a market capitalization of $36.84 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.67 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of research analyst reports. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Benchmark reissued a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Mizuho increased their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $77.08.

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.