Temasek Holdings Private Ltd Purchases 899,469 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Temasek Holdings Private Ltd lifted its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 67.1% during the 4th quarter, HoldingsChannel reports. The firm owned 2,239,671 shares of the company’s stock after buying an additional 899,469 shares during the period. Temasek Holdings Private Ltd’s holdings in Trip.com Group were worth $161,055,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TCOM. Capital World Investors increased its holdings in shares of Trip.com Group by 5.3% in 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 during the period. CIBC Bancorp USA Inc. bought a new position in shares of Trip.com Group in the third quarter worth $56,979,000. Sanders Capital LLC increased its holdings in shares of Trip.com Group by 7.2% in 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 during the period. Voloridge Investment Management LLC bought a new position in shares of Trip.com Group in the third quarter worth $48,273,000. Finally, True Light Capital Pte. Ltd. bought a new position in shares of Trip.com Group in the fourth quarter worth $26,876,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 2.0%

TCOM opened at $47.40 on Tuesday. The stock has a market cap of $30.79 billion, a PE ratio of 7.07, a P/E/G ratio of 3.22 and a beta of -0.07. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 52 week low of $45.92 and a 52 week high of $78.99. The business’s fifty day simple moving average is $50.53 and its 200 day simple moving average is $57.91.

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

Wall Street Analysts Forecast Growth

TCOM has been the topic of a number of research analyst reports. Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Benchmark reduced their target price 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. TD Cowen reduced their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barclays reissued an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.