Sanders Capital LLC Acquires 2,462,767 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Sanders Capital LLC grew its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 34.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,566,403 shares of the company’s stock after purchasing an additional 2,462,767 shares during the period. Trip.com Group makes up about 0.8% of Sanders Capital LLC’s holdings, making the stock its 28th biggest position. Sanders Capital LLC owned about 1.49% of Trip.com Group worth $568,531,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the period. Cantillon Capital Management LLC boosted its position in shares of Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after acquiring an additional 629,508 shares during the period. Fisher Asset Management LLC grew its stake in Trip.com Group by 6.1% during the third quarter. Fisher Asset Management LLC now owns 2,961,009 shares of the company’s stock valued at $175,973,000 after acquiring an additional 170,890 shares in the last quarter. Ninety One UK Ltd increased its holdings in Trip.com Group by 1.3% during the 2nd quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company’s stock worth $129,183,000 after acquiring an additional 36,122 shares during the period. Finally, Marshall Wace LLP lifted its stake in Trip.com Group by 89.6% in the 2nd quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock worth $80,052,000 after purchasing an additional 804,885 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Down 0.7 %

Shares of TCOM opened at $64.09 on Tuesday. Trip.com Group Limited has a 1 year low of $32.42 and a 1 year high of $69.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50 day simple moving average of $61.32 and a two-hundred day simple moving average of $52.60. The firm has a market cap of $41.28 billion, a P/E ratio of 19.32, a P/E/G ratio of 1.08 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. On average, analysts forecast that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup boosted their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen boosted their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Barclays raised their price target on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein began coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price on the stock. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $74.18.

Trip.com Group 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.