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

Sanders Capital LLC lifted its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 34.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,566,403 shares of the company's stock after buying an additional 2,462,767 shares during the period. Trip.com Group comprises 0.8% of Sanders Capital LLC's portfolio, making the stock its 28th largest holding. Sanders Capital LLC owned about 1.49% of Trip.com Group worth $568,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TCOM. CWM LLC lifted its position in Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $138,000 after purchasing an additional 220 shares during the period. QRG Capital Management Inc. lifted its position in Trip.com Group by 2.6% during the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company's stock valued at $647,000 after purchasing an additional 344 shares during the period. Creative Planning lifted its position in Trip.com Group by 1.7% during the third quarter. Creative Planning now owns 25,622 shares of the company's stock valued at $1,523,000 after purchasing an additional 423 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company's stock valued at $500,000 after buying an additional 431 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock valued at $55,000 after buying an additional 489 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Price Performance

Shares of TCOM stock traded down $1.63 on Tuesday, hitting $62.90. 3,275,107 shares of the stock traded hands, compared to its average volume of 4,030,686. 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 firm has a market cap of $40.51 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.08 and a beta of 0.39. The firm has a 50 day simple moving average of $61.65 and a two-hundred day simple moving average of $52.67. Trip.com Group Limited has a 52 week low of $32.42 and a 52 week high of $69.67.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. As a group, equities research analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an "outperform" rating and a $85.00 target price for the company. Benchmark upped their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Mizuho upped their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. TD Cowen upped their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Macquarie upped their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Trip.com Group presently has an average rating of "Buy" and a consensus price target of $74.18.

About Trip.com Group

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.