Capital International Investors Increases Position in Trip.com Group Limited Sponsored ADR $TCOM

Capital International Investors boosted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,379,206 shares of the company’s stock after acquiring an additional 37,916 shares during the quarter. Capital International Investors’ holdings in Trip.com Group were worth $479,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TCOM. Davis Selected Advisers boosted its holdings in shares of Trip.com Group by 1.8% in the 2nd quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock worth $290,237,000 after purchasing an additional 86,471 shares in the last quarter. Cantillon Capital Management LLC lifted its position in Trip.com Group by 12.4% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,606,141 shares of the company’s stock worth $346,382,000 after buying an additional 508,890 shares during the last quarter. Federated Hermes Inc. boosted its stake in Trip.com Group by 19.6% in the third quarter. Federated Hermes Inc. now owns 1,523,068 shares of the company’s stock worth $114,535,000 after buying an additional 249,699 shares in the last quarter. Amundi grew its position in Trip.com Group by 10.1% during the second quarter. Amundi now owns 1,513,936 shares of the company’s stock valued at $89,504,000 after acquiring an additional 138,315 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Trip.com Group by 2.9% during the second quarter. Marshall Wace LLP now owns 1,470,916 shares of the company’s stock worth $86,255,000 after acquiring an additional 41,524 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of research reports. Bank of America upped their price objective on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Morgan Stanley reissued an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research note on Thursday, February 26th. Citigroup upped their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. TD Cowen decreased their price objective on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Benchmark lowered their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Trip.com Group Price Performance

TCOM stock opened at $53.18 on Wednesday. The stock has a market capitalization of $34.74 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 3.68 and a beta of -0.15. The firm’s 50-day moving average price is $60.98 and its two-hundred day moving average price is $68.21. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 12-month low of $49.48 and a 12-month high of $78.99.

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.