Capital International Investors Acquires 37,916 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Capital International Investors raised its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,379,206 shares of the company’s stock after acquiring an additional 37,916 shares during the quarter. Capital International Investors owned about 0.98% of Trip.com Group worth $479,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. First Horizon Corp purchased a new position in shares of Trip.com Group in the third quarter valued at $27,000. NewEdge Advisors LLC lifted its holdings in Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Trip.com Group by 44.2% in 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 period. First Horizon Advisors Inc. boosted its stake in Trip.com Group by 67.2% in 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 period. Finally, MAI Capital Management grew its holdings in Trip.com Group by 14,928.6% during the 2nd quarter. MAI Capital Management now owns 1,052 shares of the company’s stock valued at $62,000 after buying an additional 1,045 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Down 1.0%

Shares of NASDAQ TCOM opened at $53.18 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average of $60.98 and a 200-day moving average of $68.21. The firm has a market capitalization of $34.74 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 3.68 and a beta of -0.15. Trip.com Group Limited Sponsored ADR has a 12 month low of $49.48 and a 12 month high of $78.99.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Bank of America boosted their price objective on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Citigroup upped their target price on shares of Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Barclays reiterated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Finally, Benchmark reduced their price target on shares of 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. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently 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.