Temasek Holdings Private Ltd Boosts Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

Temasek Holdings Private Ltd boosted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 67.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,239,671 shares of the company’s stock after purchasing an additional 899,469 shares during the period. Temasek Holdings Private Ltd owned about 0.34% of Trip.com Group worth $161,055,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its stake in Trip.com Group by 237.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in Trip.com Group in the fourth quarter valued at approximately $31,000. NewEdge Advisors LLC lifted its stake in Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

TCOM has been the topic of a number of analyst reports. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. TD Cowen lowered their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Morgan Stanley reissued an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Barclays restated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Finally, Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.50.

Trip.com Group Stock Up 2.0%

TCOM stock opened at $47.40 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $30.79 billion, a PE ratio of 7.07, a PEG ratio of 3.22 and a beta of -0.07. Trip.com Group Limited Sponsored ADR has a twelve month low of $45.92 and a twelve month high of $78.99. The stock has a 50-day simple moving average of $50.53 and a two-hundred day simple moving average of $57.91.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter. The business had revenue of $2.20 billion during the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%. On average, equities analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

About Trip.com Group

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.