Capital International Ltd. CA Has $36.59 Million Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Capital International Ltd. CA boosted its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 11.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 486,626 shares of the company’s stock after purchasing an additional 49,920 shares during the period. Trip.com Group comprises approximately 1.3% of Capital International Ltd. CA’s holdings, making the stock its 16th largest position. Capital International Ltd. CA’s holdings in Trip.com Group were worth $36,594,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital International Inc. CA raised its position in Trip.com Group by 20.4% during the third quarter. Capital International Inc. CA now owns 465,624 shares of the company’s stock valued at $35,015,000 after acquiring an additional 78,898 shares in the last quarter. Causeway Capital Management LLC bought a new position in Trip.com Group during the third quarter valued at about $207,000. Capital International Investors lifted its position in shares of Trip.com Group by 0.6% in the third quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock worth $479,742,000 after buying an additional 37,916 shares during the last quarter. Capital Group Investment Management PTE. LTD. increased its holdings in shares of Trip.com Group by 12.2% during the 3rd quarter. Capital Group Investment Management PTE. LTD. now owns 104,211 shares of the company’s stock valued at $7,837,000 after acquiring an additional 11,356 shares during the last quarter. Finally, Regal Partners Ltd acquired a new stake in Trip.com Group in the 3rd quarter worth approximately $343,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Morgan Stanley restated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Bank of America raised their price target on Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Benchmark reduced their price objective on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group has an average rating of “Moderate Buy” and an average price target of $77.00.

Trip.com Group Stock Down 0.5%

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

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.