Davis Selected Advisers Acquires 86,471 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Davis Selected Advisers boosted its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,949,468 shares of the company’s stock after buying an additional 86,471 shares during the quarter. Trip.com Group makes up approximately 1.6% of Davis Selected Advisers’ portfolio, making the stock its 20th largest holding. Davis Selected Advisers owned about 0.76% of Trip.com Group worth $290,237,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. ARGA Investment Management LP boosted its stake in Trip.com Group by 41.2% in the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock valued at $354,426,000 after acquiring an additional 1,763,562 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Trip.com Group by 220,646.1% during the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company’s stock worth $64,842,000 after purchasing an additional 1,019,385 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Trip.com Group by 41.4% in the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock worth $189,428,000 after purchasing an additional 872,630 shares during the period. Temasek Holdings Private Ltd purchased a new position in Trip.com Group in the first quarter valued at approximately $54,568,000. Finally, Invesco Ltd. lifted its stake in Trip.com Group by 135.3% in the first quarter. Invesco Ltd. now owns 1,444,890 shares of the company’s stock valued at $91,866,000 after purchasing an additional 830,808 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of TCOM opened at $74.52 on Friday. Trip.com Group Limited Sponsored ADR has a 52-week low of $51.35 and a 52-week high of $78.65. The stock’s 50-day simple moving average is $73.08 and its 200 day simple moving average is $66.16. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $48.68 billion and a price-to-earnings ratio of 20.42.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TCOM. Mizuho raised their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Barclays upped their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, Sanford C. Bernstein lifted their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.98.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.