116,833 Shares of Trip.com Group Limited Sponsored ADR $TCOM Bought by North of South Capital LLP

North of South Capital LLP acquired a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 116,833 shares of the company’s stock, valued at approximately $4,568,000. Trip.com Group accounts for approximately 0.3% of North of South Capital LLP’s portfolio, making the stock its 18th largest position.

A number of other institutional investors also recently made changes to their positions in TCOM. Aberdeen Group plc acquired a new stake in Trip.com Group during the 3rd quarter worth approximately $148,000. Allworth Financial LP grew its holdings in Trip.com Group by 53.0% in the 3rd quarter. Allworth Financial LP now owns 2,848 shares of the company’s stock valued at $113,000 after buying an additional 986 shares in the last quarter. Ethic Inc. grew its holdings in Trip.com Group by 29.5% in the 3rd quarter. Ethic Inc. now owns 47,561 shares of the company’s stock valued at $1,860,000 after buying an additional 10,826 shares in the last quarter. Parallel Advisors LLC increased its position in Trip.com Group by 5.7% during the 3rd quarter. Parallel Advisors LLC now owns 6,862 shares of the company’s stock worth $268,000 after buying an additional 371 shares during the period. Finally, Abacus Wealth Partners LLC increased its position in Trip.com Group by 14.8% during the 3rd quarter. Abacus Wealth Partners LLC now owns 5,953 shares of the company’s stock worth $233,000 after buying an additional 766 shares during the period. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ:TCOM traded up $0.37 during trading hours on Friday, reaching $43.58. 1,800,305 shares of the company were exchanged, compared to its average volume of 2,947,993. The business has a 50 day moving average of $40.18 and a 200 day moving average of $47.02. Trip.com Group Limited Sponsored ADR has a 1-year low of $37.58 and a 1-year high of $78.99. The company has a market capitalization of $28.31 billion and a P/E ratio of 8.99.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Friday, August 14th. The company reported $1.07 earnings per share for the quarter. The firm had revenue of $2.31 billion during the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. As a group, equities research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TCOM shares. Bank of America reissued a “buy” rating on shares of Trip.com Group in a report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their target price on shares of Trip.com Group from $72.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday, September 17th. Nomura decreased 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. TD Cowen raised shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, September 14th. Finally, Benchmark reiterated a “buy” rating on shares of Trip.com Group in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.45.

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.