Capital International Sarl Acquires New Holdings in Trip.com Group Limited (NASDAQ:TCOM)

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.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Wednesday, March 18th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $1.95. Trip.com Group had a return on equity of 4.85% and a net margin of 19.97%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. The company’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Trip.com Group Limited will post 0.28 earnings per share for the current year.

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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Institutional Ownership by Quarter for Trip.com Group (NASDAQ:TCOM)

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