Taikang Asset Management Hong Kong Co Ltd Has $5.75 Million Stock Position in Trip.com Group Limited Sponsored ADR $TCOM

Taikang Asset Management Hong Kong Co Ltd grew its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 54.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 80,000 shares of the company’s stock after acquiring an additional 28,186 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Trip.com Group were worth $5,753,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Capital World Investors boosted its holdings in shares of Trip.com Group by 5.3% during the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock valued at $2,849,066,000 after acquiring an additional 1,912,238 shares in the last quarter. Temasek Holdings Private Ltd increased its holdings in Trip.com Group by 67.1% in the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after purchasing an additional 899,469 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Trip.com Group in the 3rd quarter worth about $56,979,000. Sanders Capital LLC raised its position in Trip.com Group by 7.2% in the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after purchasing an additional 662,230 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Trip.com Group during the third quarter valued at about $48,273,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on TCOM shares. Benchmark reduced their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Morgan Stanley reiterated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Zacks Research lowered 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 target price on shares of Trip.com Group in a report on Thursday, February 26th. Finally, TD Cowen decreased their price target on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Trip.com Group Trading Down 2.5%

NASDAQ TCOM opened at $46.23 on Wednesday. The firm has a market capitalization of $30.03 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 3.29 and a beta of -0.07. The business’s 50-day moving average price is $50.44 and its two-hundred day moving average price is $57.75. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a 12 month low of $45.88 and a 12 month high of $78.99.

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