294,682 Shares in Trip.com Group Limited Sponsored ADR $TCOM Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd bought a new stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 294,682 shares of the company’s stock, valued at approximately $22,160,000.

Other institutional investors have also bought and sold shares of the company. Fairtree Asset Management Pty Ltd grew its stake in Trip.com Group by 37.7% during the third quarter. Fairtree Asset Management Pty Ltd now owns 15,236 shares of the company’s stock valued at $1,146,000 after acquiring an additional 4,171 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Trip.com Group during the 3rd quarter valued at about $478,000. Handelsbanken Fonder AB grew its position in shares of Trip.com Group by 19.4% during the third quarter. Handelsbanken Fonder AB now owns 422,000 shares of the company’s stock valued at $31,734,000 after purchasing an additional 68,500 shares in the last quarter. West Family Investments Inc. increased its holdings in shares of Trip.com Group by 20.4% in the third quarter. West Family Investments Inc. now owns 6,192 shares of the company’s stock worth $466,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Thornburg Investment Management Inc. lifted its position in shares of Trip.com Group by 36.5% in the third quarter. Thornburg Investment Management Inc. now owns 181,913 shares of the company’s stock worth $13,680,000 after buying an additional 48,674 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ TCOM opened at $51.72 on Wednesday. The company has a market cap of $33.79 billion, a PE ratio of 7.72, a P/E/G ratio of 3.63 and a beta of -0.15. The firm’s 50 day moving average price is $62.94 and its 200-day moving average price is $68.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. Trip.com Group Limited Sponsored ADR has a 52-week low of $49.48 and a 52-week high of $78.99.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TCOM shares. Citigroup increased their target price on Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Barclays reiterated an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Benchmark reduced their target price on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Bank of America boosted their price objective on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Trip.com Group Company Profile

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.