Capital International Sarl acquired a new stake in Trip.com Group Limited (NASDAQ:TCOM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 407,140 shares of the company’s stock, valued at approximately $13,655,000. Trip.com Group comprises about 2.1% of Capital International Sarl’s portfolio, making the stock its 6th largest position.
A number of other hedge funds and other institutional investors have also modified their holdings of TCOM. Baillie Gifford & Co. purchased a new position in Trip.com Group in the 4th quarter valued at about $1,541,210,000. FIL Ltd acquired a new position in Trip.com Group in the fourth quarter worth $421,412,000. Capital International Investors acquired a new position in shares of Trip.com Group during the fourth quarter valued at $399,300,000. Capital World Investors acquired a new position in shares of Trip.com Group during the fourth quarter valued at $292,625,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Trip.com Group during the fourth quarter valued at $244,190,000. 65.52% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:TCOM traded up $1.55 during mid-day trading on Thursday, hitting $25.63. The company had a trading volume of 4,367,058 shares, compared to its average volume of 9,064,037. Trip.com Group Limited has a fifty-two week low of $20.10 and a fifty-two week high of $46.50. The company has a fifty day moving average price of $29.72. The company has a current ratio of 0.98, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 4.58 and a beta of 1.64.
Several equities analysts have recently issued reports on TCOM shares. Daiwa Capital Markets lowered Trip.com Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 10th. Benchmark cut their price target on Trip.com Group from $43.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Barclays reaffirmed a “buy” rating and set a $32.00 price target on shares of Trip.com Group in a research note on Monday. Zacks Investment Research lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Credit Suisse Group lowered Trip.com Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 19th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Trip.com Group presently has a consensus rating of “Hold” and an average target price of $33.76.
Trip.com Group Profile
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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