Tredje AP fonden Acquires Shares of 84,019 Trip.com Group Limited Sponsored ADR $TCOM

Tredje AP fonden bought a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 84,019 shares of the company’s stock, valued at approximately $6,042,000.

A number of other institutional investors have also recently modified their holdings of TCOM. True Light Capital Pte. Ltd. bought a new position in Trip.com Group in the 4th quarter worth about $26,876,000. HighTower Advisors LLC increased its stake in Trip.com Group by 1.9% during the 4th quarter. HighTower Advisors LLC now owns 73,983 shares of the company’s stock valued at $5,320,000 after purchasing an additional 1,394 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in Trip.com Group during the 4th quarter valued at about $31,000. Abacus Wealth Partners LLC purchased a new position in Trip.com Group in the fourth quarter worth about $658,000. Finally, AustralianSuper Pty Ltd lifted its stake in shares of Trip.com Group by 58.7% in the fourth quarter. AustralianSuper Pty Ltd now owns 467,579 shares of the company’s stock worth $33,624,000 after buying an additional 172,897 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

NASDAQ TCOM opened at $48.95 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55. Trip.com Group Limited Sponsored ADR has a 1-year low of $48.48 and a 1-year high of $78.99. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 3.42 and a beta of -0.03. The business’s fifty day moving average price is $51.95 and its 200-day moving average price is $61.12.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.71 EPS for the quarter. The company had revenue of $2.20 billion during the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%. On average, equities analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of recent analyst reports. 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Barclays reiterated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. TD Cowen reduced their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Benchmark decreased their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.50.

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.