ARGA Investment Management LP Has $348.18 Million Stock Holdings in Trip.com Group Limited Sponsored ADR $TCOM

ARGA Investment Management LP lowered its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 23.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,630,095 shares of the company’s stock after selling 1,414,009 shares during the quarter. Trip.com Group accounts for about 9.2% of ARGA Investment Management LP’s investment portfolio, making the stock its 3rd biggest holding. ARGA Investment Management LP owned 0.71% of Trip.com Group worth $348,183,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Corp purchased a new stake in shares of Trip.com Group during the 3rd quarter valued at about $27,000. NewEdge Advisors LLC lifted its position in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after acquiring an additional 215 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Trip.com Group by 67.2% during the second quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock valued at $50,000 after purchasing an additional 342 shares in the last quarter. Finally, MAI Capital Management grew its holdings in shares of Trip.com Group by 14,928.6% in the second quarter. MAI Capital Management now owns 1,052 shares of the company’s stock valued at $62,000 after purchasing an additional 1,045 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Up 1.3%

NASDAQ TCOM opened at $62.88 on Friday. Trip.com Group Limited Sponsored ADR has a 12-month low of $51.35 and a 12-month high of $78.99. The company has a fifty day simple moving average of $70.50 and a two-hundred day simple moving average of $69.48. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The stock has a market cap of $41.08 billion, a P/E ratio of 10.06, a P/E/G ratio of 2.07 and a beta of -0.13.

Wall Street Analyst Weigh In

TCOM has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a report on Monday, December 29th. Barclays upped their price objective on shares of Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. Benchmark lifted their price target on Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Zacks Research upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Citigroup upped their price target on Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $81.25.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.