Capital Group Investment Management PTE. LTD. Purchases 11,356 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Capital Group Investment Management PTE. LTD. boosted its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 12.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 104,211 shares of the company’s stock after buying an additional 11,356 shares during the quarter. Trip.com Group accounts for 1.3% of Capital Group Investment Management PTE. LTD.’s investment portfolio, making the stock its 15th biggest holding. Capital Group Investment Management PTE. LTD.’s holdings in Trip.com Group were worth $7,837,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Trip.com Group in the 2nd quarter valued at about $45,205,000. Cantillon Capital Management LLC raised 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 valued at $346,382,000 after purchasing an additional 508,890 shares during the period. Federated Hermes Inc. lifted its stake in Trip.com Group by 45.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,273,369 shares of the company’s stock valued at $74,670,000 after purchasing an additional 398,470 shares during the last quarter. Ardmore Road Asset Management LP acquired a new stake in Trip.com Group in the 2nd quarter valued at about $20,524,000. Finally, New York State Common Retirement Fund grew its holdings in Trip.com Group by 74.3% during the third quarter. New York State Common Retirement Fund now owns 712,021 shares of the company’s stock worth $53,544,000 after purchasing an additional 303,600 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $53.74 on Tuesday. Trip.com Group Limited Sponsored ADR has a 52 week low of $49.48 and a 52 week high of $78.99. 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 firm’s 50-day simple moving average is $61.36 and its 200 day simple moving average is $68.30. The firm has a market cap of $35.11 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 3.70 and a beta of -0.15.

Analyst Ratings Changes

Several analysts have issued reports on TCOM shares. Bank of America upped 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. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Benchmark dropped their price target on 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. Morgan Stanley reaffirmed an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Barclays reiterated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and an average target price of $77.00.

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.