Trip.com Group Limited Sponsored ADR $TCOM Shares Newly Purchased by North of South Capital LLP

North of South Capital LLP acquired a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 116,833 shares of the company’s stock, valued at approximately $4,568,000. Trip.com Group makes up approximately 0.3% of North of South Capital LLP’s investment portfolio, making the stock its 18th largest position.

Several other hedge funds have also recently bought and sold shares of the company. Sanders Capital LLC raised its position in shares of Trip.com Group by 1.5% in the 3rd quarter. Sanders Capital LLC now owns 10,714,647 shares of the company’s stock valued at $418,943,000 after buying an additional 154,083 shares in the last quarter. Perseverance Asset Management International acquired a new stake in shares of Trip.com Group during the 1st quarter worth approximately $33,608,000. ABN Amro Investment Solutions boosted its position in shares of Trip.com Group by 91.5% during the 1st quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock worth $24,595,000 after acquiring an additional 235,997 shares in the last quarter. C WorldWide Group Holding A S boosted its position in shares of Trip.com Group by 2.1% during the 2nd quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock worth $24,447,000 after acquiring an additional 12,463 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Trip.com Group by 24.8% in the first quarter. Sei Investments Co. now owns 370,430 shares of the company’s stock valued at $18,444,000 after acquiring an additional 73,650 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TCOM shares. Zacks Research raised shares of Trip.com Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 2nd. Jefferies Financial Group restated a “buy” rating and set a $63.00 target price on shares of Trip.com Group in a research note on Tuesday, July 28th. TD Cowen raised Trip.com Group to a “strong-buy” rating in a report on Monday, September 14th. Weiss Ratings downgraded Trip.com Group from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. decreased their price target on Trip.com Group from $72.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Trip.com Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.45.

Trip.com Group Trading Up 0.9%

NASDAQ TCOM traded up $0.37 during trading on Friday, hitting $43.58. 1,800,305 shares of the company’s stock were exchanged, compared to its average volume of 2,947,993. The company has a market cap of $28.31 billion and a PE ratio of 8.99. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $37.58 and a fifty-two week high of $78.99. The stock’s 50 day moving average price is $40.18 and its two-hundred day moving average price is $47.02.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Friday, August 14th. The company reported $1.07 earnings per share for the quarter. Trip.com Group had a net margin of 36.07% and a return on equity of 16.99%. The company had revenue of $2.31 billion for the quarter. Analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.13 earnings per share for the current fiscal year.

About Trip.com Group

Trip.com Group Limited is a global online travel services provider headquartered in Shanghai, China. Founded in 1999 as Ctrip, the company adopted the Trip.com Group name in 2019. Its portfolio includes Trip.com, Ctrip, Qunar and Skyscanner. The company offers travel-related services including hotel and other accommodation reservations, airline and train tickets, package tours, car rentals and corporate travel management. Its platforms also provide destination information and tools to help travelers plan and book trips.