Trip.com Group Limited Sponsored ADR $TCOM Holdings Increased by Triata Capital Ltd

Triata Capital Ltd increased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 83.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,100 shares of the company’s stock after acquiring an additional 122,100 shares during the quarter. Trip.com Group comprises about 2.4% of Triata Capital Ltd’s investment portfolio, making the stock its 10th biggest holding. Triata Capital Ltd’s holdings in Trip.com Group were worth $20,161,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TCOM. Natixis Advisors LLC grew its holdings in Trip.com Group by 0.6% in the third quarter. Natixis Advisors LLC now owns 57,181 shares of the company’s stock worth $4,300,000 after purchasing an additional 368 shares during the period. Ramirez Asset Management Inc. lifted its holdings in shares of Trip.com Group by 7.3% during the third quarter. Ramirez Asset Management Inc. now owns 60,541 shares of the company’s stock valued at $4,553,000 after purchasing an additional 4,114 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Trip.com Group by 4.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 37,227 shares of the company’s stock worth $2,799,000 after purchasing an additional 1,672 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Trip.com Group by 19.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,619 shares of the company’s stock worth $498,000 after purchasing an additional 1,077 shares in the last quarter. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Trip.com Group in the 3rd quarter worth approximately $22,160,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of analyst reports. Benchmark reduced their price objective on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Weiss Ratings cut Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Barclays restated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, Bank of America upped their price target on shares of Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.00.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $54.00 on Friday. Trip.com Group Limited Sponsored ADR has a 12-month low of $49.48 and a 12-month high of $78.99. The firm has a market capitalization of $35.28 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 3.70 and a beta of -0.15. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $61.74 and a 200 day moving average of $68.33.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.