Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,318 shares of the company's stock after selling 33,780 shares during the period. Trip.com Group comprises about 1.3% of Polymer Capital Management HK LTD's portfolio, making the stock its 19th largest holding. Polymer Capital Management HK LTD's holdings in Trip.com Group were worth $7,643,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TCOM. Headwater Capital Co Ltd purchased a new stake in shares of Trip.com Group during the fourth quarter worth about $13,732,000. WT Asset Management Ltd boosted its holdings in Trip.com Group by 92.3% in the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock worth $3,050,000 after buying an additional 21,316 shares during the last quarter. BOCHK Asset Management Ltd increased its stake in Trip.com Group by 85.7% during the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock worth $893,000 after buying an additional 6,000 shares in the last quarter. Capital Advisory Group Advisory Services LLC acquired a new position in shares of Trip.com Group during the fourth quarter valued at approximately $381,000. Finally, Principal Financial Group Inc. lifted its position in shares of Trip.com Group by 139.9% in the third quarter. Principal Financial Group Inc. now owns 131,407 shares of the company's stock valued at $7,810,000 after acquiring an additional 76,624 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TCOM. Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Citigroup boosted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Trading Up 0.9 %

Shares of TCOM stock traded up $0.47 during trading on Friday, hitting $54.66. 3,202,751 shares of the stock traded hands, compared to its average volume of 4,019,982. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The firm has a market capitalization of $35.21 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The firm's fifty day moving average price is $62.85 and its 200-day moving average price is $64.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 8.02%.

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.