AustralianSuper Pty Ltd Purchases Shares of 294,682 Trip.com Group Limited Sponsored ADR $TCOM

AustralianSuper Pty Ltd acquired a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 294,682 shares of the company’s stock, valued at approximately $22,160,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ARGA Investment Management LP increased its position in Trip.com Group by 41.2% during the 2nd 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 period. Davis Selected Advisers increased its position in shares of Trip.com Group by 1.8% during the second quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock worth $290,237,000 after buying an additional 86,471 shares during the period. Cantillon Capital Management LLC increased its position in shares of 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 buying an additional 508,890 shares during the period. Federated Hermes Inc. raised its stake in Trip.com Group by 19.6% during 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 during the last quarter. Finally, Amundi lifted its holdings in Trip.com Group by 10.1% in the second quarter. Amundi now owns 1,513,936 shares of the company’s stock valued at $89,504,000 after buying an additional 138,315 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Down 0.6%

Shares of NASDAQ:TCOM opened at $62.02 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. Trip.com Group Limited Sponsored ADR has a 52-week low of $51.35 and a 52-week high of $78.99. The business’s 50 day simple moving average is $69.81 and its two-hundred day simple moving average is $69.51. The firm has a market cap of $40.52 billion, a P/E ratio of 9.92, a PEG ratio of 4.40 and a beta of -0.13.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of recent analyst reports. Barclays increased their price target on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 19th. Bank of America raised their target price on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Citigroup lifted their target price on Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trip.com Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $81.25.

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.