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

Capital World Investors trimmed its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,809,848 shares of the company’s stock after selling 5,074,878 shares during the quarter. Capital World Investors owned approximately 5.02% of Trip.com Group worth $2,359,416,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TCOM. Temasek Holdings Private Ltd grew its position in shares of Trip.com Group by 40.5% during the 3rd quarter. Temasek Holdings Private Ltd now owns 1,340,202 shares of the company’s stock worth $100,783,000 after buying an additional 386,333 shares during the period. Green Court Capital Management Ltd grew its position in shares of Trip.com Group by 62.2% during the 3rd quarter. Green Court Capital Management Ltd now owns 426,108 shares of the company’s stock worth $32,043,000 after buying an additional 163,419 shares during the period. Trivest Advisors Ltd grew its position in shares of Trip.com Group by 10.0% during the 3rd quarter. Trivest Advisors Ltd now owns 1,100,000 shares of the company’s stock worth $82,720,000 after buying an additional 100,000 shares during the period. Sanders Capital LLC grew its position in shares of Trip.com Group by 7.2% during the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after buying an additional 662,230 shares during the period. Finally, XY Capital Ltd grew its position in shares of Trip.com Group by 136.3% during the 3rd quarter. XY Capital Ltd now owns 60,000 shares of the company’s stock worth $4,512,000 after buying an additional 34,610 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

TCOM has been the subject of several analyst reports. Benchmark decreased their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. TD Cowen decreased their target price 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. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, Barclays restated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Price Performance

Shares of TCOM opened at $47.69 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a 50 day simple moving average of $50.82 and a 200 day simple moving average of $58.99. Trip.com Group Limited Sponsored ADR has a 52-week low of $45.92 and a 52-week high of $78.99. The firm has a market capitalization of $30.98 billion, a PE ratio of 7.12, a P/E/G ratio of 3.31 and a beta of -0.07.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The business had revenue of $2.20 billion during the quarter. Sell-side analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

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.