Capital World Investors Has $2.36 Billion Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Capital World Investors lowered its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 13.4% in the fourth quarter, HoldingsChannel reports. The fund owned 32,809,848 shares of the company’s stock after selling 5,074,878 shares during the period. Capital World Investors owned approximately 0.05% of Trip.com Group worth $2,359,416,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new position in Trip.com Group during the 4th quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd boosted its position in Trip.com Group by 601.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after acquiring an additional 475 shares during the last quarter. NewEdge Advisors LLC boosted its position 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 acquiring an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 215 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in Trip.com Group during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Trading Down 0.8%

NASDAQ TCOM opened at $47.69 on Friday. The company has a market cap of $30.98 billion, a PE ratio of 7.12, a PEG ratio of 3.31 and a beta of -0.07. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 12 month low of $45.92 and a 12 month high of $78.99. The stock has a 50 day moving average of $50.82 and a 200-day moving average of $58.99.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.71 EPS for the quarter. The company had revenue of $2.20 billion during the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%. On average, equities research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TCOM shares. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Barclays reaffirmed an “overweight” rating and set a $75.00 price target 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. Finally, TD Cowen cut their price objective on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Trip.com Group Company 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.