Trip.com Group Limited Sponsored ADR $TCOM Shares Bought by Triata Capital Ltd

Triata Capital Ltd raised its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 28.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,893 shares of the company’s stock after buying an additional 75,793 shares during the period. Trip.com Group comprises 3.0% of Triata Capital Ltd’s portfolio, making the stock its 8th biggest position. Triata Capital Ltd owned about 0.05% of Trip.com Group worth $24,729,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TCOM. Capital World Investors increased its holdings in shares of Trip.com Group by 5.3% during the third quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after buying an additional 1,912,238 shares in the last quarter. Temasek Holdings Private Ltd raised its position in Trip.com Group by 67.1% in the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after purchasing an additional 899,469 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Trip.com Group in the 3rd quarter worth approximately $56,979,000. Sanders Capital LLC raised its position in Trip.com Group by 7.2% in the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after purchasing an additional 662,230 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Trip.com Group in the 3rd quarter worth approximately $48,273,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

TCOM has been the subject of several research analyst reports. Barclays restated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. TD Cowen cut their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Benchmark cut their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Trading Down 2.5%

Shares of NASDAQ TCOM opened at $46.23 on Wednesday. The company’s fifty day moving average is $50.44 and its 200-day moving average is $57.75. The stock has a market cap of $30.03 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 3.29 and a beta of -0.07. Trip.com Group Limited Sponsored ADR has a twelve month low of $45.88 and a twelve month high of $78.99. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07.

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