Cantillon Capital Management LLC Purchases 63,637 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Cantillon Capital Management LLC boosted its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,669,778 shares of the company’s stock after acquiring an additional 63,637 shares during the quarter. Trip.com Group accounts for 1.8% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Cantillon Capital Management LLC’s holdings in Trip.com Group were worth $335,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCOM. Royal Bank of Canada raised its stake in Trip.com Group by 22.9% during the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock worth $2,068,000 after acquiring an additional 6,062 shares during the period. NewEdge Advisors LLC raised its position in shares of Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Trip.com Group by 332.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock valued at $2,549,000 after buying an additional 30,819 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after buying an additional 215 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Trip.com Group during the second quarter valued at approximately $215,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

TCOM stock opened at $47.69 on Monday. The firm has a fifty day moving average price of $50.82 and a 200 day moving average price of $58.91. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $45.92 and a fifty-two week high of $78.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $30.98 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 3.31 and a beta of -0.07.

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. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The firm had revenue of $2.20 billion during the quarter. Sell-side analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Benchmark reduced their price objective on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, TD Cowen reduced their price objective on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

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.