Davis Selected Advisers Grows Stake in Trip.com Group Limited Sponsored ADR $TCOM

Davis Selected Advisers increased its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 1.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,949,468 shares of the company’s stock after buying an additional 86,471 shares during the period. Trip.com Group accounts for approximately 1.6% of Davis Selected Advisers’ portfolio, making the stock its 20th largest holding. Davis Selected Advisers’ holdings in Trip.com Group were worth $290,237,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TCOM. Cerity Partners LLC raised its holdings in shares of Trip.com Group by 57.8% in the 1st quarter. Cerity Partners LLC now owns 21,657 shares of the company’s stock valued at $1,377,000 after acquiring an additional 7,929 shares in the last quarter. LPL Financial LLC increased its position in shares of Trip.com Group by 219.7% in the first quarter. LPL Financial LLC now owns 44,706 shares of the company’s stock worth $2,842,000 after purchasing an additional 30,723 shares during the last quarter. Ground Swell Capital LLC bought a new position in shares of Trip.com Group in the first quarter worth approximately $687,000. Pinnacle Investment Management Ltd purchased a new stake in Trip.com Group in the first quarter valued at approximately $1,272,000. Finally, Envestnet Asset Management Inc. lifted its position in Trip.com Group by 0.5% during the first quarter. Envestnet Asset Management Inc. now owns 144,826 shares of the company’s stock valued at $9,208,000 after purchasing an additional 722 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Mizuho upped their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Sanford C. Bernstein raised their price target on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Barclays upped their price objective on Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $76.98.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $74.52 on Friday. The stock has a market cap of $48.68 billion and a PE ratio of 20.42. The company’s fifty day moving average is $73.08 and its 200 day moving average is $66.16. Trip.com Group Limited Sponsored ADR has a 52 week low of $51.35 and a 52 week high of $78.65. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.