Capital International Sarl Buys 124,286 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Capital International Sarl increased its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 18.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 803,520 shares of the company’s stock after purchasing an additional 124,286 shares during the quarter. Trip.com Group makes up about 1.0% of Capital International Sarl’s holdings, making the stock its 20th biggest position. Capital International Sarl owned approximately 0.12% of Trip.com Group worth $60,425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TCOM. First Horizon Corp bought a new stake in Trip.com Group during the third quarter worth $27,000. NewEdge Advisors LLC increased its holdings in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after buying an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after acquiring an additional 215 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Trip.com Group by 67.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock worth $50,000 after purchasing an additional 342 shares during the last quarter. Finally, MAI Capital Management lifted its stake in Trip.com Group by 14,928.6% in the second quarter. MAI Capital Management now owns 1,052 shares of the company’s stock valued at $62,000 after purchasing an additional 1,045 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of research reports. Bank of America boosted their price objective on Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Barclays reiterated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Benchmark reduced their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Morgan Stanley reiterated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, TD Cowen decreased their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Trip.com Group Price Performance

TCOM opened at $53.74 on Tuesday. The stock 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. 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 12-month low of $49.48 and a 12-month high of $78.99. The stock has a 50-day moving average price of $61.36 and a 200-day moving average price of $68.30.

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.