Bain Capital Public Equity Management II LLC Buys Shares of 1,250,174 Trip.com Group Limited (NASDAQ:TCOM)

Posted by Defense World Staff on Sep 12th, 2023

Bain Capital Public Equity Management II LLC bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,250,174 shares of the company’s stock, valued at approximately $47,094,000. Trip.com Group comprises about 2.7% of Bain Capital Public Equity Management II LLC’s portfolio, making the stock its 18th biggest holding. Bain Capital Public Equity Management II LLC owned approximately 0.19% of Trip.com Group as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TCOM. Norges Bank acquired a new position in shares of Trip.com Group during the fourth quarter valued at approximately $213,195,000. BlackRock Inc. increased its holdings in shares of Trip.com Group by 18.1% in the first quarter. BlackRock Inc. now owns 25,456,730 shares of the company’s stock valued at $588,559,000 after purchasing an additional 3,893,531 shares during the last quarter. Morgan Stanley increased its holdings in shares of Trip.com Group by 9.3% in the fourth quarter. Morgan Stanley now owns 30,375,921 shares of the company’s stock valued at $1,044,932,000 after purchasing an additional 2,581,113 shares during the last quarter. WT Asset Management Ltd increased its holdings in shares of Trip.com Group by 250.6% in the first quarter. WT Asset Management Ltd now owns 2,968,585 shares of the company’s stock valued at $111,827,000 after purchasing an additional 2,121,907 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Trip.com Group by 14.7% in the first quarter. FMR LLC now owns 16,307,019 shares of the company’s stock valued at $614,285,000 after purchasing an additional 2,084,097 shares during the last quarter. Institutional investors and hedge funds own 38.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Mizuho increased their price target on Trip.com Group from $50.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. TD Cowen increased their price target on Trip.com Group from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, September 7th. TheStreet cut Trip.com Group from a “b” rating to a “c+” rating in a report on Thursday. Finally, Citigroup increased their price objective on Trip.com Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $47.85.

Get Our Latest Research Report on TCOM

Trip.com Group Trading Up 0.3 %

TCOM opened at $35.99 on Tuesday. Trip.com Group Limited has a 52 week low of $19.25 and a 52 week high of $43.59. The business has a fifty day simple moving average of $38.22 and a 200-day simple moving average of $36.37. The firm has a market cap of $23.25 billion, a P/E ratio of 26.27 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

Trip.com Group Profile

(Free Report)

Trip.com Group Limited 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.