Baader Bank Aktiengesellschaft Invests $2.16 Million in Trip.com Group Limited Sponsored ADR $TCOM

Baader Bank Aktiengesellschaft bought a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the 4th quarter, Holdings Channel.com reports. The fund bought 30,078 shares of the company’s stock, valued at approximately $2,161,000.

Several other hedge funds have also recently modified their holdings of TCOM. Capital World Investors increased its position in Trip.com Group by 5.3% in the third quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after purchasing an additional 1,912,238 shares during the last quarter. Sanders Capital LLC increased its position in Trip.com Group by 7.2% in the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after purchasing an additional 662,230 shares during the last quarter. Capital International Investors increased its position in Trip.com Group by 0.6% in the third quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock worth $479,742,000 after purchasing an additional 37,916 shares during the last quarter. Davis Selected Advisers increased its position in Trip.com Group by 2.3% in the fourth quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock worth $363,389,000 after purchasing an additional 111,944 shares during the last quarter. Finally, Cantillon Capital Management LLC increased its position in Trip.com Group by 12.4% in the third quarter. Cantillon Capital Management LLC now owns 4,606,141 shares of the company’s stock worth $346,382,000 after purchasing an additional 508,890 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Up 0.5%

NASDAQ TCOM opened at $52.28 on Thursday. The company’s 50-day moving average price is $52.15 and its 200-day moving average price is $61.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a market cap of $33.96 billion, a PE ratio of 7.80, a PEG ratio of 3.61 and a beta of -0.03. Trip.com Group Limited Sponsored ADR has a 12 month low of $48.48 and a 12 month high of $78.99.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.71 EPS for the quarter. The firm had revenue of $2.20 billion for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. Equities research analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TCOM shares. Morgan Stanley restated an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. TD Cowen lowered their price target on 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. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Benchmark cut their price objective 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, Barclays reiterated an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average 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.