Brandes Investment Partners LP Makes New $2.15 Million Investment in Trip.com Group Limited Sponsored ADR $TCOM

Brandes Investment Partners LP bought a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the 4th quarter, Holdings Channel.com reports. The firm bought 29,900 shares of the company’s stock, valued at approximately $2,150,000.

Other hedge funds also recently bought and sold shares of the company. Temasek Holdings Private Ltd lifted its stake in shares of Trip.com Group by 40.5% in the third 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 during the period. Trivest Advisors Ltd increased its holdings in shares of Trip.com Group by 10.0% in the third quarter. Trivest Advisors Ltd now owns 1,100,000 shares of the company’s stock valued at $82,720,000 after purchasing an additional 100,000 shares in the last quarter. Sanders Capital LLC increased its holdings in shares of Trip.com Group by 7.2% in the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after purchasing an additional 662,230 shares in the last quarter. XY Capital Ltd grew its holdings in Trip.com Group by 136.3% during the 3rd quarter. XY Capital Ltd now owns 60,000 shares of the company’s stock worth $4,512,000 after acquiring an additional 34,610 shares during the period. Finally, TT International Asset Management LTD acquired a new stake in Trip.com Group during the 4th quarter worth $3,247,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Trading Up 2.0%

NASDAQ:TCOM opened at $47.97 on Thursday. Trip.com Group Limited Sponsored ADR has a one year low of $45.92 and a one year high of $78.99. The company has a market cap of $31.16 billion, a PE ratio of 7.16, a PEG ratio of 3.26 and a beta of -0.07. The firm has a 50-day moving average of $50.70 and a 200-day moving average of $58.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55.

Trip.com Group (NASDAQ:TCOM) last released its quarterly 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 business had revenue of $2.20 billion for the quarter. As a group, equities research analysts expect that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TCOM shares. Benchmark cut 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. Morgan Stanley reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. TD Cowen cut their price target on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, 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. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and an average price target of $77.50.

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.