Trip.com Group Limited Sponsored ADR $TCOM Stake Lifted by ARGA Investment Management LP

Key Points

• ARGA Investment Management LP has increased its stake in Trip.com Group by 41.2%, now holding 6,044,104 shares valued at approximately $354 million.
• Several major investors, including Mirae Asset Global Investments and Russell Investments Group, have also significantly boosted their positions in Trip.com Group, reflecting strong institutional confidence in the stock.
• Trip.com Group currently has a consensus Buy rating from analysts, with an average target price of $76.98, up from previous estimates.

ARGA Investment Management LP boosted its stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 41.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,044,104 shares of the company's stock after purchasing an additional 1,763,562 shares during the quarter. Trip.com Group comprises 9.7% of ARGA Investment Management LP's portfolio, making the stock its 4th largest position. ARGA Investment Management LP owned about 0.93% of Trip.com Group worth $354,426,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake 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 buying an additional 12,165,176 shares during the period. Davis Selected Advisers boosted its holdings in Trip.com Group by 29.8% in the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company's stock valued at $309,189,000 after acquiring an additional 1,115,836 shares during the last quarter. Cantillon Capital Management LLC grew its position in Trip.com Group by 14.6% during the second quarter. Cantillon Capital Management LLC now owns 4,097,251 shares of the company's stock valued at $240,263,000 after acquiring an additional 520,438 shares during the period. Voya Investment Management LLC increased its stake in Trip.com Group by 41.4% during the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company's stock worth $189,428,000 after acquiring an additional 872,630 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Trip.com Group by 48.7% during the first quarter. Russell Investments Group Ltd. now owns 2,386,398 shares of the company's stock worth $151,727,000 after acquiring an additional 781,916 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TCOM. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Trip.com Group in a research note on Wednesday, October 8th. 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. Mizuho increased their price objective 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. Barclays raised their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Finally, Sanford C. Bernstein upped their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Trip.com Group currently has a consensus rating of "Buy" and an average target price of $76.98.

Trip.com Group Trading Up 0.5%

TCOM opened at $71.08 on Friday. The firm's 50 day moving average is $71.78 and its 200-day moving average is $64.36. Trip.com Group Limited Sponsored ADR has a 52-week low of $51.35 and a 52-week high of $78.65. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $46.43 billion, a P/E ratio of 19.47, a P/E/G ratio of 2.72 and a beta of 0.03.

Trip.com Group Company Profile

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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