Trip.com Group Limited Sponsored ADR $TCOM Position Trimmed by Capital International Investors

Capital International Investors lessened its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 6,220,441 shares of the company’s stock after selling 158,765 shares during the period. Capital International Investors’ holdings in Trip.com Group were worth $447,324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital World Investors grew its stake in Trip.com Group by 5.3% during the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock valued at $2,849,066,000 after acquiring an additional 1,912,238 shares in the last quarter. Sanders Capital LLC grew its stake in shares of Trip.com Group by 7.2% in the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after buying an additional 662,230 shares in the last quarter. Davis Selected Advisers grew its stake in shares of Trip.com Group by 2.3% in the 4th quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock valued at $363,389,000 after buying an additional 111,944 shares in the last quarter. Temasek Holdings Private Ltd grew its stake in shares of Trip.com Group by 40.5% in the 3rd quarter. Temasek Holdings Private Ltd now owns 1,340,202 shares of the company’s stock valued at $100,783,000 after buying an additional 386,333 shares in the last quarter. Finally, Trivest Advisors Ltd grew its stake in shares of Trip.com Group by 10.0% in the 3rd quarter. Trivest Advisors Ltd now owns 1,100,000 shares of the company’s stock valued at $82,720,000 after buying an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

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

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $47.69 on Monday. The stock has a market capitalization of $30.98 billion, a P/E ratio of 7.12, a PEG ratio of 3.31 and a beta of -0.07. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average price of $50.82 and a two-hundred day moving average price of $58.91. Trip.com Group Limited Sponsored ADR has a 12-month low of $45.92 and a 12-month high of $78.99.

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

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.