Capital World Investors Has $2.85 Billion Stake in Trip.com Group Limited Sponsored ADR $TCOM

Capital World Investors lifted its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,884,726 shares of the company’s stock after purchasing an additional 1,912,238 shares during the quarter. Capital World Investors owned 0.06% of Trip.com Group worth $2,849,066,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Norges Bank acquired a new position in shares of Trip.com Group in the second quarter valued at approximately $45,205,000. Cantillon Capital Management LLC boosted its position in Trip.com Group by 12.4% during the third 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 last quarter. Federated Hermes Inc. boosted its holdings in shares of 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 buying an additional 398,470 shares during the last quarter. Ardmore Road Asset Management LP bought a new position in shares of 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. 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 company has a quick ratio of 1.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $61.36 and its 200 day moving average is $68.30. Trip.com Group Limited Sponsored ADR has a 12-month low of $49.48 and a 12-month high of $78.99. The stock has a market cap of $35.11 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 3.70 and a beta of -0.15.

Wall Street Analysts Forecast Growth

TCOM has been the topic of a number of research reports. Bank of America upped their price target 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. TD Cowen dropped their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company 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 research report on Friday, February 20th. Benchmark cut their target price on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Citigroup boosted their price target on Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.00.

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.