AustralianSuper Pty Ltd Has $33.62 Million Position in Trip.com Group Limited Sponsored ADR $TCOM

AustralianSuper Pty Ltd boosted its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 58.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 467,579 shares of the company’s stock after acquiring an additional 172,897 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Trip.com Group were worth $33,624,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in Trip.com Group by 7.0% in the 3rd quarter. Allworth Financial LP now owns 2,154 shares of the company’s stock valued at $162,000 after buying an additional 140 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Trip.com Group by 5.2% during the fourth quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock valued at $216,000 after acquiring an additional 148 shares during the period. Advisory Services Network LLC boosted its holdings in Trip.com Group by 2.1% in the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock valued at $523,000 after acquiring an additional 176 shares during the last quarter. CWM LLC increased its position in Trip.com Group by 8.0% in the fourth quarter. CWM LLC now owns 2,443 shares of the company’s stock worth $176,000 after purchasing an additional 181 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TCOM. TD Cowen reduced 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 research note on Thursday, February 26th. Barclays restated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Benchmark reduced 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 note on Thursday, February 26th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.00.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $50.28 on Friday. The stock has a market cap of $32.66 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 3.62 and a beta of -0.03. The stock has a 50-day moving average of $52.12 and a 200-day moving average of $61.61. 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 Limited Sponsored ADR has a one year low of $48.48 and a one year high of $78.99.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The firm had revenue of $2.20 billion during the quarter. As a group, sell-side 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.