Trip.com Group Limited Sponsored ADR $TCOM is Matthews International Capital Management LLC's 5th Largest Position

Key Points

• Matthews International Capital Management LLC reduced its holdings in Trip.com Group Limited by 15.6%, making it the firm's 5th largest position with approximately $22.57 million worth of shares.
• In the first quarter, multiple hedge funds significantly increased their positions in Trip.com Group, with Mirae Asset Global Investments Co. Ltd. raising its stake by 1,609.6% to own nearly $822 million in shares.
• Analysts have a consensus rating of "Buy" for Trip.com Group, with target price adjustments indicating a positive outlook, including an increase from Mizuho from $78.00 to $81.00.

Matthews International Capital Management LLC reduced its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 15.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,874 shares of the company's stock after selling 71,006 shares during the period. Trip.com Group comprises about 5.2% of Matthews International Capital Management LLC's holdings, making the stock its 5th largest holding. Matthews International Capital Management LLC owned approximately 0.06% of Trip.com Group worth $22,569,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TCOM. Mirae Asset Global Investments Co. Ltd. increased its position in Trip.com Group by 1,609.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock worth $821,514,000 after purchasing an additional 12,165,176 shares during the last quarter. Davis Selected Advisers increased its position in Trip.com Group by 29.8% in the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock worth $309,189,000 after purchasing an additional 1,115,836 shares during the last quarter. National Bank of Canada FI increased its position in Trip.com Group by 220,646.1% in the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company's stock worth $64,842,000 after purchasing an additional 1,019,385 shares during the last quarter. Voya Investment Management LLC increased its position in Trip.com Group by 41.4% in the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company's stock worth $189,428,000 after purchasing an additional 872,630 shares during the last quarter. Finally, Temasek Holdings Private Ltd acquired a new position in Trip.com Group in the 1st quarter worth about $54,568,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Price Performance

NASDAQ TCOM opened at $73.32 on Friday. Trip.com Group Limited Sponsored ADR has a twelve month low of $51.35 and a twelve month high of $78.65. 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 stock has a market capitalization of $47.90 billion, a PE ratio of 20.09, a P/E/G ratio of 3.10 and a beta of 0.03. The stock has a 50-day simple moving average of $69.11 and a 200 day simple moving average of $63.56.

Analyst Ratings Changes

Several brokerages have weighed in on TCOM. Mizuho upped their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Zacks Research raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Weiss Ratings reissued a "hold (c+)" rating on shares of Trip.com Group in a research report on Saturday, September 27th. Barclays upped their price target on Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Finally, Sanford C. Bernstein upped their price target on Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, 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.

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