Trip.com Group Limited (TCOM) Benefitted from Relaxation in China’s COVID-Related Restrictions

Artisan Partners, an investment management company, released its “Artisan International Value Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, its Investor Class fund ARTKX returned 18.96%, Advisor Class fund APDKX posted a return of 19.00%, and Institutional Class fund APHKX returned 19.01%, compared to a return of 17.34% for the MSCI EAFE Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Artisan International Value Fund highlighted stocks like Trip.com Group Limited (NASDAQ:TCOM) in its Q4 2022 investor letter. Headquartered in Shanghai, the People’s Republic of China, Trip.com Group Limited (NASDAQ:TCOM) is a travel service provider. On March 10, 2023, Trip.com Group Limited (NASDAQ:TCOM) stock closed at $36.08 per share. One-month return of Trip.com Group Limited (NASDAQ:TCOM) was -4.68%, and its shares gained 115.40% of their value over the last 52 weeks. Trip.com Group Limited (NASDAQ:TCOM) has a market capitalization of $23.154 billion.

Artisan International Value Fund made the following comment about Trip.com Group Limited (NASDAQ:TCOM) in its Q4 2022 investor letter:

Trip.com Group Limited (NASDAQ:TCOM), a Chinese online travel agency, was the second-largest contributor to return in 2022. Trip.com is the dominant supplier of online travel reservations and is expected to benefit from China’s loosening COVID-19 restrictions on both domestic and international travel. Management of Trip.com has wisely spent the COVID-19 lockdown period reinforcing and improving the company’s market position and reducing unnecessary costs. We expect earnings to boom over the next year as travel picks up. Other investors appeared to agree, pushing the share price up 42% in 2022.”

Trip.com Group Limited (NASDAQ:TCOM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held Trip.com Group Limited (NASDAQ:TCOM) at the end of the fourth quarter which was 42 in the previous quarter.

We discussed Trip.com Group Limited (NASDAQ:TCOM) in another article and shared the list of best travel stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.