Sanders Capital LLC Acquires 154,083 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Sanders Capital LLC grew its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,714,647 shares of the company’s stock after buying an additional 154,083 shares during the period. Sanders Capital LLC’s holdings in Trip.com Group were worth $418,943,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCOM. First Horizon Corp boosted its holdings in Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after acquiring an additional 250 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Trip.com Group in the second quarter worth about $37,000. EverSource Wealth Advisors LLC lifted its holdings in Trip.com Group by 24.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $56,000 after buying an additional 218 shares during the period. Provenance Wealth Advisors LLC purchased a new stake in Trip.com Group in the third quarter worth about $64,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Trip.com Group during the 3rd quarter worth approximately $120,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

TCOM has been the subject of a number of research analyst reports. Weiss Ratings cut Trip.com Group from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, September 16th. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. Benchmark reiterated a “buy” rating on shares of Trip.com Group in a research note on Tuesday, July 28th. Citigroup reduced their price target on Trip.com Group from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Nomura dropped their price target on shares of Trip.com Group from $51.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Trip.com Group presently has an average rating of “Moderate Buy” and an average target price of $60.45.

Trip.com Group Trading Up 1.3%

TCOM traded up $0.56 during trading on Friday, hitting $44.37. 3,791,526 shares of the company traded hands, compared to its average volume of 2,556,601. Trip.com Group Limited Sponsored ADR has a 1 year low of $37.58 and a 1 year high of $78.99. The stock’s 50-day simple moving average is $40.19 and its two-hundred day simple moving average is $47.49. The company has a market cap of $28.82 billion and a PE ratio of 9.15.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Friday, August 14th. The company reported $1.07 EPS for the quarter. The business had revenue of $2.31 billion during the quarter. Trip.com Group had a net margin of 36.07% and a return on equity of 16.99%. Equities analysts expect that Trip.com Group Limited Sponsored ADR will post 3.07 EPS for the current year.

Trip.com Group Company Profile

Trip.com Group Limited is a global online travel services provider headquartered in Shanghai, China. Founded in 1999 as Ctrip, the company adopted the Trip.com Group name in 2019. Its portfolio includes Trip.com, Ctrip, Qunar and Skyscanner.

The company offers travel-related services including hotel and other accommodation reservations, airline and train tickets, package tours, car rentals and corporate travel management. Its platforms also provide destination information and tools to help travelers plan and book trips.

Trip.com Group serves customers in China and international markets, connecting travelers with travel suppliers around the world.