Capital Group Investment Management PTE. LTD. Buys 11,356 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Capital Group Investment Management PTE. LTD. raised its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,211 shares of the company’s stock after buying an additional 11,356 shares during the quarter. Trip.com Group comprises 1.3% of Capital Group Investment Management PTE. LTD.’s portfolio, making the stock its 15th biggest position. Capital Group Investment Management PTE. LTD.’s holdings in Trip.com Group were worth $7,837,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Trip.com Group during the second quarter valued at approximately $45,205,000. Cantillon Capital Management LLC boosted 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 purchasing an additional 508,890 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Trip.com Group by 45.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,273,369 shares of the company’s stock valued at $74,670,000 after buying an additional 398,470 shares during the period. Ardmore Road Asset Management LP bought a new stake in shares of Trip.com Group in the 2nd quarter valued at $20,524,000. Finally, New York State Common Retirement Fund raised its stake in Trip.com Group by 74.3% during the 3rd quarter. New York State Common Retirement Fund now owns 712,021 shares of the company’s stock worth $53,544,000 after buying an additional 303,600 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup boosted their price objective on Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Bank of America upped their price target on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Weiss Ratings lowered shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. TD Cowen reduced their target price on shares of 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. Finally, Morgan Stanley reiterated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Trip.com Group Stock Down 0.5%

Shares of TCOM stock opened at $53.74 on Tuesday. The firm’s fifty day moving average price is $61.36 and its two-hundred day moving average price is $68.30. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 1 year low of $49.48 and a 1 year high of $78.99. The firm has a market capitalization of $35.11 billion, a P/E ratio of 8.02, a PEG ratio of 3.70 and a beta of -0.15.

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.