Trip.com Group Limited Sponsored ADR $TCOM Stock Bought by Sanders Capital LLC

Key Points

• Sanders Capital increased its Trip.com stake by 1.5% in the third quarter, adding 154,083 shares to bring its holdings to 10.7 million shares, worth about $419 million.
• Trip.com shares traded at $44.37, near the lower end of their 52-week range of $37.58 to $78.99. The company reported quarterly EPS of $1.07 and revenue of $2.31 billion.
• Analyst opinion was mixed, but the consensus rating was “Moderate Buy”, with an average price target of $60.45; 35.41% of the stock was held by institutional investors and hedge funds.

Sanders Capital LLC grew its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,714,647 shares of the company's stock after purchasing an additional 154,083 shares during the quarter. Sanders Capital LLC owned about 1.65% of Trip.com Group worth $418,943,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Trip.com Group by 24.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company's stock valued at $56,000 after buying an additional 218 shares during the last quarter. First Horizon Corp grew its stake in Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company's stock valued at $30,000 after acquiring an additional 250 shares during the period. Corient Private Wealth LP lifted its stake in Trip.com Group by 3.2% in the second quarter. Corient Private Wealth LP now owns 10,312 shares of the company's stock valued at $411,000 after buying an additional 319 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Trip.com Group by 4.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,259 shares of the company's stock worth $361,000 after purchasing an additional 321 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Trip.com Group by 7.5% in the first quarter. Parallel Advisors LLC now owns 6,195 shares of the company's stock valued at $308,000 after purchasing an additional 433 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Up 1.3%

Trip.com Group stock traded up $0.56 during trading on Friday, hitting $44.37. 3,791,526 shares of the company were exchanged, compared to its average volume of 2,556,601. The company has a market capitalization of $28.82 billion and a P/E ratio of 9.15. The business's 50 day moving average is $40.19 and its 200 day moving average is $47.49. Trip.com Group Limited Sponsored ADR has a 52 week low of $37.58 and a 52 week high of $78.99.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. The firm had revenue of $2.31 billion for the quarter. Equities analysts expect that Trip.com Group Limited Sponsored ADR will post 3.07 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on TCOM shares. Weiss Ratings cut shares of Trip.com Group from a "hold (c-)" rating to a "sell (d)" rating in a research note on Wednesday, September 16th. Citigroup lowered their target price on shares of Trip.com Group from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Benchmark reiterated a "buy" rating on shares of Trip.com Group in a research report on Tuesday, July 28th. HSBC cut Trip.com Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 3rd. Finally, Zacks Research upgraded Trip.com Group from a "strong sell" rating to a "hold" rating in a research note on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Trip.com Group has an average rating of "Moderate Buy" and an average target price of $60.45.

About Trip.com Group

Trip.com Group Limited is a global online travel services provider headquartered in Shanghai, China. Founded in 1999 as Ctrip, the company adopted the Trip.com Group name in 2019. Its portfolio includes Trip.com, Ctrip, Qunar and Skyscanner.

The company offers travel-related services including hotel and other accommodation reservations, airline and train tickets, package tours, car rentals and corporate travel management. Its platforms also provide destination information and tools to help travelers plan and book trips.

Trip.com Group serves customers in China and international markets, connecting travelers with travel suppliers around the world.

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