Cantillon Capital Management LLC Purchases 520,438 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Cantillon Capital Management LLC increased its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 14.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,097,251 shares of the company’s stock after acquiring an additional 520,438 shares during the period. Cantillon Capital Management LLC’s holdings in Trip.com Group were worth $240,263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of Trip.com Group during the first quarter valued at approximately $432,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Trip.com Group during the 1st quarter worth $690,000. Wealthquest Corp purchased a new position in shares of Trip.com Group during the 1st quarter worth $191,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Trip.com Group by 1,609.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company’s stock valued at $821,514,000 after purchasing an additional 12,165,176 shares during the period. Finally, KBC Group NV raised its position in shares of Trip.com Group by 2.8% during the 1st quarter. KBC Group NV now owns 138,810 shares of the company’s stock valued at $8,826,000 after purchasing an additional 3,832 shares during the period. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $71.35 on Wednesday. The company’s fifty day moving average price is $71.38 and its 200 day moving average price is $64.20. Trip.com Group Limited Sponsored ADR has a 1 year low of $51.35 and a 1 year high of $78.65. The company has a market capitalization of $46.61 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.95 and a beta of 0.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TCOM. Weiss Ratings restated a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Barclays upped their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Mizuho upped their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Sanford C. Bernstein boosted their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Zacks Research upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Trip.com Group presently has a consensus rating of “Buy” and a consensus price target of $76.98.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.