Cantillon Capital Management LLC Acquires 508,890 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Cantillon Capital Management LLC increased its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,606,141 shares of the company’s stock after acquiring an additional 508,890 shares during the period. Trip.com Group makes up 1.9% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Cantillon Capital Management LLC owned about 0.71% of Trip.com Group worth $346,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. ARGA Investment Management LP lifted its holdings in shares of Trip.com Group by 41.2% during the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock valued at $354,426,000 after purchasing an additional 1,763,562 shares during the last quarter. Norges Bank bought a new position in Trip.com Group during the 2nd quarter valued at approximately $45,205,000. Federated Hermes Inc. raised its stake in Trip.com Group by 45.5% during the second quarter. Federated Hermes Inc. now owns 1,273,369 shares of the company’s stock valued at $74,670,000 after buying an additional 398,470 shares during the last quarter. Ardmore Road Asset Management LP purchased a new position in Trip.com Group during the second quarter valued at $20,524,000. Finally, Vontobel Holding Ltd. boosted its holdings in Trip.com Group by 16.0% in the third quarter. Vontobel Holding Ltd. now owns 1,305,417 shares of the company’s stock worth $98,167,000 after acquiring an additional 180,300 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TCOM. Barclays raised their price target on Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Zacks Research raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Benchmark upped their target price on shares of Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, Bank of America increased their price target on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $81.25.

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $62.10 on Friday. Trip.com Group Limited Sponsored ADR has a twelve month low of $51.35 and a twelve month high of $78.99. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $70.68 and its 200 day moving average is $69.47. The company has a market cap of $40.57 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 2.07 and a beta of -0.13.

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.