Thornburg Investment Management Inc. Buys 48,674 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Thornburg Investment Management Inc. lifted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 36.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 181,913 shares of the company’s stock after purchasing an additional 48,674 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Trip.com Group were worth $13,680,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TCOM. Mizuho Securities Co. Ltd. bought a new stake in Trip.com Group during the third quarter worth about $4,765,000. Green Court Capital Management Ltd raised 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 valued at $32,043,000 after acquiring an additional 163,419 shares during the last quarter. Cantillon Capital Management LLC boosted its holdings in shares of Trip.com Group by 12.4% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,606,141 shares of the company’s stock worth $346,382,000 after acquiring an additional 508,890 shares in the last quarter. Trivest Advisors Ltd boosted its holdings in shares of Trip.com Group by 10.0% in the 3rd quarter. Trivest Advisors Ltd now owns 1,100,000 shares of the company’s stock worth $82,720,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Trip.com Group by 21.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 141,865 shares of the company’s stock valued at $10,668,000 after purchasing an additional 25,442 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

TCOM stock opened at $53.66 on Thursday. Trip.com Group Limited Sponsored ADR has a twelve month low of $51.35 and a twelve month high of $78.99. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. The company has a market cap of $35.05 billion, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 3.79 and a beta of -0.14. The business’s fifty day moving average is $64.58 and its 200-day moving average is $68.79.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TCOM. Weiss Ratings restated a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Citigroup raised their price objective on shares of 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 target price on shares of Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, Benchmark increased their price target on shares of Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and an average price target of $81.25.

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.