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Matthews International Capital Management LLC Buys 11,516 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Trip.com Group logo with Consumer Discretionary background

Matthews International Capital Management LLC grew its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 2.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 455,880 shares of the company's stock after purchasing an additional 11,516 shares during the period. Trip.com Group comprises approximately 6.0% of Matthews International Capital Management LLC's holdings, making the stock its 5th biggest holding. Matthews International Capital Management LLC owned about 0.07% of Trip.com Group worth $28,985,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its holdings in Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock valued at $1,722,587,000 after purchasing an additional 13,964,875 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Trip.com Group by 2.1% during the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock worth $700,115,000 after purchasing an additional 213,381 shares in the last quarter. Sanders Capital LLC lifted its position in shares of Trip.com Group by 1.4% during the fourth quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock worth $665,854,000 after purchasing an additional 131,443 shares in the last quarter. FIL Ltd increased its stake in shares of Trip.com Group by 8.8% in the 4th quarter. FIL Ltd now owns 8,453,025 shares of the company's stock valued at $580,385,000 after buying an additional 684,364 shares during the period. Finally, Capital International Investors increased its position in Trip.com Group by 0.7% in the fourth quarter. Capital International Investors now owns 8,079,203 shares of the company's stock worth $554,717,000 after purchasing an additional 53,784 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Trading Down 1.2%

NASDAQ TCOM traded down $0.69 on Friday, reaching $55.85. The company had a trading volume of 5,510,451 shares, compared to its average volume of 3,942,289. The stock's 50 day moving average is $60.68 and its 200-day moving average is $64.01. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The stock has a market cap of $36.49 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.58 and a beta of 0.09. Trip.com Group Limited Sponsored ADR has a 52 week low of $38.23 and a 52 week high of $77.18.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. TD Securities increased their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Finally, Bank of America raised 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. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and an average price target of $77.25.

View Our Latest Report on Trip.com Group

Trip.com Group Company Profile

(Free Report)

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.

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

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