Capital International Inc. CA Raises Position in Trip.com Group Limited Sponsored ADR $TCOM

Capital International Inc. CA grew its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 20.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 465,624 shares of the company’s stock after acquiring an additional 78,898 shares during the period. Capital International Inc. CA owned about 0.07% of Trip.com Group worth $35,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of TCOM. First Horizon Corp purchased a new position in shares of Trip.com Group in the 3rd quarter valued at about $27,000. NewEdge Advisors LLC lifted its stake in Trip.com Group by 384.6% in the first 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 lifted its stake in Trip.com Group by 44.2% in the second 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. First Horizon Advisors Inc. grew its holdings in Trip.com Group by 67.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock worth $50,000 after acquiring an additional 342 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Trip.com Group by 14,928.6% in the 2nd quarter. MAI Capital Management now owns 1,052 shares of the company’s stock valued at $62,000 after purchasing an additional 1,045 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Down 0.5%

TCOM stock opened at $53.74 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $61.36 and its 200 day moving average price is $68.30. Trip.com Group Limited Sponsored ADR has a 52 week low of $49.48 and a 52 week high of $78.99. The company has a market cap of $35.11 billion, a P/E ratio of 8.02, a P/E/G ratio of 3.70 and a beta of -0.15.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Benchmark reduced 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 report on Thursday, February 26th. Citigroup increased their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. 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. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, TD Cowen lowered their price objective on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.