Temasek Holdings Private Ltd Takes $54.57 Million Position in Trip.com Group Limited Sponsored ADR $TCOM

Key Points

• Temasek Holdings Private Ltd acquired 858,253 shares of Trip.com Group, valued at approximately $54.6 million, representing about 0.13% ownership as of their latest SEC filing.
• Trip.com Group's stock has received multiple upgrades from analysts, with price targets ranging from $70.00 to $81.00, indicating positive sentiment about its performance.
• Shares of Trip.com Group are currently trading at $72.79, with a market cap of $47.55 billion and a twelve-month range between $46.20 and $77.18.

Temasek Holdings Private Ltd acquired a new position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 858,253 shares of the company's stock, valued at approximately $54,568,000. Temasek Holdings Private Ltd owned 0.13% of Trip.com Group at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new stake in shares of Trip.com Group during the first quarter valued at approximately $32,000. NewEdge Advisors LLC lifted its stake in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock valued at $36,000 after buying an additional 450 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Trip.com Group in the first quarter valued at $58,000. Allianz SE raised its stake in shares of Trip.com Group by 312.2% during the 1st quarter. Allianz SE now owns 1,150 shares of the company's stock valued at $73,000 after purchasing an additional 871 shares during the period. Finally, Brooklyn Investment Group raised its stake in shares of Trip.com Group by 239.5% during the 1st quarter. Brooklyn Investment Group now owns 1,229 shares of the company's stock valued at $78,000 after purchasing an additional 867 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays increased their price objective on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Mizuho raised their target price on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Bank of America lifted their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Finally, TD Securities lifted their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $76.98.

Trip.com Group Stock Up 0.1%

NASDAQ:TCOM traded up $0.10 during mid-day trading on Wednesday, hitting $72.50. 2,661,429 shares of the company's stock traded hands, compared to its average volume of 3,506,516. The company has a market capitalization of $47.36 billion, a P/E ratio of 19.86, a P/E/G ratio of 3.01 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. The company has a fifty day moving average of $64.21 and a 200 day moving average of $61.79. Trip.com Group Limited Sponsored ADR has a twelve month low of $46.20 and a twelve month high of $77.18.

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.