Trip.com Group Limited Sponsored ADR (NASDAQ: TCOM) has garnered an average rating of “Buy” from ten analysts, according to MarketBeat. Among these analysts, nine have issued buy ratings, while one has issued a strong buy rating, reflecting a positive outlook for the company. The consensus twelve-month price target for Trip.com shares is set at $81.25, based on recent updates from various brokerages.
Several financial institutions have recently adjusted their price targets for Trip.com Group. On November 20, Bank of America raised its target from $83.00 to $85.00, continuing to endorse the stock with a buy rating. The day prior, Citigroup increased its price objective from $85.00 to $86.00, also maintaining a buy rating. Additionally, Zacks Research upgraded its rating from hold to strong buy on December 3.
In further updates, Benchmark raised its price target from $80.00 to $82.00, while Barclays increased their price objective from $85.00 to $90.00, labeling the stock as overweight. These modifications indicate a growing confidence in the company’s performance and market potential.
Investor Activity and Institutional Holdings
Recent trends show significant activity among institutional investors regarding Trip.com shares. Capital World Investors increased its holdings by 5.3% in the third quarter, now owning 37,884,726 shares valued at approximately $2.85 billion. This marked an acquisition of an additional 1,912,238 shares during the period.
Similarly, Sanders Capital LLC raised its stake by 7.2%, holding 9,868,196 shares valued at around $742 million after purchasing an extra 662,230 shares. Capital International Investors also boosted its holdings by 0.6%, adding 37,916 shares to reach a total of 6,379,206, valued at $479.7 million.
In a more substantial move, ARGA Investment Management LP increased its holdings by 41.2% during the second quarter, now owning 6,044,104 shares worth around $354.4 million. Additionally, Davis Selected Advisers grew its position by 1.8%, resulting in ownership of 4,949,468 shares valued at approximately $290.2 million. Collectively, institutional investors and hedge funds hold 35.41% of Trip.com Group’s stock.
About Trip.com Group
Trip.com Group, headquartered in Shanghai, China, is a prominent online travel services provider. The company offers an extensive range of consumer and business travel products, including hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers, and local activities.
Through its consumer-facing travel platforms and mobile applications, Trip.com allows users to efficiently search and manage their travel needs. Additionally, the company provides corporate travel management and business-to-business solutions aimed at supporting travel suppliers and distribution partners.
As Trip.com Group continues to expand, its global distribution channels and portfolio of brands have positioned it to serve both domestic and international markets effectively. The company remains a key player in the competitive travel industry, attracting significant attention from analysts and investors alike.
