Capital World Investors Purchases 1,912,238 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Capital World Investors grew its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,884,726 shares of the company’s stock after buying an additional 1,912,238 shares during the quarter. Capital World Investors owned approximately 5.80% of Trip.com Group worth $2,849,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. First Horizon Corp acquired a new position in shares of Trip.com Group in the 3rd quarter worth approximately $27,000. NewEdge Advisors LLC increased its holdings in Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Trip.com Group by 67.2% in the second quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock worth $50,000 after purchasing an additional 342 shares in the last quarter. Finally, MAI Capital Management boosted its stake in Trip.com Group by 14,928.6% in the second quarter. MAI Capital Management now owns 1,052 shares of the company’s stock worth $62,000 after purchasing an additional 1,045 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of TCOM opened at $53.74 on Tuesday. The stock has a market cap of $35.11 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 3.70 and a beta of -0.15. The stock’s 50-day moving average price is $61.36 and its two-hundred day moving average price is $68.30. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 1 year low of $49.48 and a 1 year high of $78.99.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of research reports. TD Cowen lowered their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Citigroup increased their price objective on shares of Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Barclays restated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Weiss Ratings lowered shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research note on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and a consensus 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.