Taikang Asset Management Hong Kong Co Ltd Acquires 28,186 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Taikang Asset Management Hong Kong Co Ltd increased its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 54.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,000 shares of the company’s stock after acquiring an additional 28,186 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in Trip.com Group were worth $5,753,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes 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 valued at $2,849,066,000 after purchasing an additional 1,912,238 shares during the last quarter. Sanders Capital LLC boosted its holdings in shares of Trip.com Group by 7.2% during the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after buying an additional 662,230 shares during the period. Capital International Investors grew its stake in Trip.com Group by 0.6% in the 3rd quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock valued at $479,742,000 after buying an additional 37,916 shares during the last quarter. Davis Selected Advisers raised its holdings in Trip.com Group by 2.3% in the 4th quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock valued at $363,389,000 after acquiring an additional 111,944 shares during the period. Finally, Cantillon Capital Management LLC boosted its holdings in shares of Trip.com Group by 1.4% during the fourth quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock worth $335,804,000 after acquiring an additional 63,637 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Barclays reissued an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. TD Cowen dropped their price objective 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. Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Trip.com Group Stock Down 2.5%

Shares of TCOM opened at $46.23 on Wednesday. The firm has a 50 day simple moving average of $50.44 and a two-hundred day simple moving average of $57.75. 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 one year low of $45.88 and a one year high of $78.99. The company has a market cap of $30.03 billion, a P/E ratio of 6.90, a P/E/G ratio of 3.29 and a beta of -0.07.

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

Trip.com Group Profile

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.