True Light Capital Pte. Ltd. purchased a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 373,751 shares of the company’s stock, valued at approximately $26,876,000. Trip.com Group accounts for about 12.1% of True Light Capital Pte. Ltd.’s holdings, making the stock its 5th biggest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Temasek Holdings Private Ltd lifted its holdings 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 valued at $100,783,000 after buying an additional 386,333 shares during the period. Mizuho Securities Co. Ltd. bought a new position in shares of Trip.com Group during the 3rd quarter valued at $4,765,000. Green Court Capital Management Ltd lifted its holdings 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 valued at $32,043,000 after buying an additional 163,419 shares during the period. Trivest Advisors Ltd lifted its holdings 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 valued at $82,720,000 after buying an additional 100,000 shares during the period. Finally, Sanders Capital LLC lifted its holdings 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 valued at $742,088,000 after buying an additional 662,230 shares during the period. 35.41% of the stock is owned by institutional investors.
Trip.com Group Trading Down 0.6%
NASDAQ:TCOM opened at $49.32 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $32.04 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 3.44 and a beta of -0.03. Trip.com Group Limited Sponsored ADR has a one year low of $48.48 and a one year high of $78.99. The business has a fifty day moving average price of $52.05 and a 200-day moving average price of $61.28.
Analyst Ratings Changes
Several research firms have recently weighed in on TCOM. TD Cowen lowered their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Benchmark lowered their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Barclays reissued an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Morgan Stanley reissued an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.
View Our Latest Research Report on TCOM
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.
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