Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP lowered its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 23.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,630,095 shares of the company’s stock after selling 1,414,009 shares during the period. Trip.com Group accounts for approximately 9.2% of ARGA Investment Management LP’s portfolio, making the stock its 3rd biggest position. ARGA Investment Management LP’s holdings in Trip.com Group were worth $348,183,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. acquired a new position in shares of Trip.com Group during the 3rd quarter worth approximately $4,765,000. U S Global Investors Inc. grew its stake in shares of Trip.com Group by 11.4% during the 2nd quarter. U S Global Investors Inc. now owns 134,738 shares of the company’s stock valued at $7,901,000 after buying an additional 13,745 shares during the period. Cantillon Capital Management LLC increased its stake in Trip.com Group by 12.4% during the third quarter. Cantillon Capital Management LLC now owns 4,606,141 shares of the company’s stock worth $346,382,000 after acquiring an additional 508,890 shares during the last quarter. Vontobel Holding Ltd. raised 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 valued at $98,167,000 after buying an additional 180,300 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of Trip.com Group by 21.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 141,865 shares of the company’s stock valued at $10,668,000 after acquiring an additional 25,442 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Up 1.3%

NASDAQ TCOM opened at $62.88 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 stock has a market cap of $41.08 billion, a PE ratio of 10.06, a PEG ratio of 2.07 and a beta of -0.13. The firm has a 50-day simple moving average of $70.50 and a 200 day simple moving average of $69.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48.

Analyst Ratings Changes

Several brokerages have recently weighed in on TCOM. Weiss Ratings restated a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Bank of America boosted their target price 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. Citigroup raised their price target on Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Finally, Barclays upped their target price on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $81.25.

Trip.com Group 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.