ANTIPODES PARTNERS Ltd Purchases 99,460 Shares of Trip.com Group Limited (NASDAQ:TCOM)

ANTIPODES PARTNERS Ltd raised its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 112.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,989 shares of the company's stock after purchasing an additional 99,460 shares during the period. ANTIPODES PARTNERS Ltd's holdings in Trip.com Group were worth $6,769,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Vontobel Holding Ltd. boosted its position in shares of Trip.com Group by 15,964.7% in the third quarter. Vontobel Holding Ltd. now owns 7,508,642 shares of the company's stock valued at $262,577,000 after acquiring an additional 7,461,902 shares during the period. Norges Bank bought a new position in shares of Trip.com Group in the fourth quarter valued at approximately $213,195,000. Select Equity Group L.P. bought a new stake in Trip.com Group during the first quarter valued at approximately $168,290,000. BlackRock Inc. lifted its position in Trip.com Group by 18.1% during the first quarter. BlackRock Inc. now owns 25,456,730 shares of the company's stock valued at $588,559,000 after purchasing an additional 3,893,531 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in Trip.com Group by 98.2% during the third quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company's stock valued at $190,164,000 after purchasing an additional 2,695,221 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of Trip.com Group from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. UBS Group lifted their price target on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Mizuho lifted their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Finally, Citigroup lifted their target price on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $52.88.

Trip.com Group Stock Up 0.3 %

Shares of TCOM stock traded up $0.15 during mid-day trading on Friday, reaching $48.14. 2,136,545 shares of the company's stock traded hands, compared to its average volume of 3,928,816. Trip.com Group Limited has a 12 month low of $30.70 and a 12 month high of $49.72. The company has a market cap of $31.10 billion, a P/E ratio of 23.26 and a beta of 0.56. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The company's 50-day moving average price is $42.62 and its 200-day moving average price is $37.53.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.29. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. On average, equities analysts expect that Trip.com Group Limited will post 2.54 earnings per share for the current fiscal year.

About Trip.com Group

Trip.com Group Limited 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.