Capital International Sarl Increases Stake in Trip.com Group Limited Sponsored ADR $TCOM

Capital International Sarl lifted its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 18.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 803,520 shares of the company’s stock after buying an additional 124,286 shares during the quarter. Trip.com Group accounts for about 1.0% of Capital International Sarl’s investment portfolio, making the stock its 20th largest holding. Capital International Sarl’s holdings in Trip.com Group were worth $60,425,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Mizuho Securities Co. Ltd. purchased a new stake in Trip.com Group during the third quarter valued at about $4,765,000. Green Court Capital Management Ltd increased its stake in shares of Trip.com Group by 62.2% in the third quarter. Green Court Capital Management Ltd now owns 426,108 shares of the company’s stock worth $32,043,000 after buying an additional 163,419 shares during the period. Cantillon Capital Management LLC raised its holdings in Trip.com Group by 12.4% during the 3rd quarter. Cantillon Capital Management LLC now owns 4,606,141 shares of the company’s stock valued at $346,382,000 after buying an additional 508,890 shares during the last quarter. Trivest Advisors Ltd boosted its position in Trip.com Group by 10.0% during the 3rd quarter. Trivest Advisors Ltd now owns 1,100,000 shares of the company’s stock valued at $82,720,000 after buying an additional 100,000 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Trip.com Group by 21.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 141,865 shares of the company’s stock worth $10,668,000 after acquiring an additional 25,442 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Down 0.5%

Shares of NASDAQ:TCOM opened at $53.74 on Tuesday. The firm has a market capitalization of $35.11 billion, a P/E ratio of 8.02, a P/E/G ratio of 3.70 and a beta of -0.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.55. 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 Limited Sponsored ADR has a 52-week low of $49.48 and a 52-week high of $78.99.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TCOM. Weiss Ratings downgraded shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Barclays reiterated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Benchmark cut their price target on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Bank of America upped their price objective on shares of Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Trip.com Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

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.