Headwater Capital Co Ltd lowered its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM – Free Report) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 325,000 shares of the company’s stock after selling 45,000 shares during the quarter. Trip.com Group makes up about 3.4% of Headwater Capital Co Ltd’s holdings, making the stock its 8th biggest position. Headwater Capital Co Ltd’s holdings in Trip.com Group were worth $23,371,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital World Investors raised its holdings in Trip.com Group by 5.3% during 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 in the last quarter. Sanders Capital LLC raised its holdings in Trip.com Group by 7.2% during 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 in the last quarter. Capital International Investors increased its holdings in shares of Trip.com Group by 0.6% in the 3rd quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock valued at $479,742,000 after acquiring an additional 37,916 shares during the period. Davis Selected Advisers increased its holdings in shares of Trip.com Group by 2.3% in the 4th quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock valued at $363,389,000 after acquiring an additional 111,944 shares during the period. Finally, Cantillon Capital Management LLC increased its holdings in shares of Trip.com Group by 1.4% in the 4th quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock valued at $335,804,000 after acquiring an additional 63,637 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.
Trip.com Group Stock Performance
Shares of TCOM opened at $46.23 on Wednesday. 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 market capitalization of $30.03 billion, a P/E ratio of 6.90, a P/E/G ratio of 3.29 and a beta of -0.07. The company’s fifty day moving average is $50.44 and its two-hundred day moving average is $57.75. Trip.com Group Limited Sponsored ADR has a 1 year low of $45.88 and a 1 year high of $78.99.
Analysts Set New Price Targets
A number of equities analysts have recently commented on TCOM shares. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. TD Cowen cut their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Benchmark cut their target price 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. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus price target of $77.50.
Check Out Our Latest Stock Report on Trip.com Group
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.
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