PARUS FINANCE UK Ltd grew its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 59.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 90,035 shares of the company's stock after buying an additional 33,425 shares during the period. Trip.com Group accounts for approximately 1.9% of PARUS FINANCE UK Ltd's portfolio, making the stock its 16th largest position. PARUS FINANCE UK Ltd's holdings in Trip.com Group were worth $6,182,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. FMR LLC increased its stake in Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company's stock valued at $661,086,000 after buying an additional 2,749,365 shares during the period. Aspex Management HK Ltd purchased a new position in Trip.com Group during the third quarter worth about $128,962,000. Wellington Management Group LLP lifted its position in Trip.com Group by 557.8% in the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company's stock valued at $134,493,000 after purchasing an additional 1,919,006 shares during the period. ARGA Investment Management LP boosted its holdings in Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock valued at $350,602,000 after purchasing an additional 1,884,044 shares in the last quarter. Finally, Wasatch Advisors LP acquired a new position in Trip.com Group during the 3rd quarter worth approximately $73,336,000. Institutional investors and hedge funds own 35.41% of the company's stock.
Analyst Upgrades and Downgrades
TCOM has been the subject of several recent analyst reports. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Finally, Citigroup upped their target price 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. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $77.08.
View Our Latest Report on Trip.com Group
Trip.com Group Price Performance
TCOM stock traded up $0.90 on Monday, reaching $63.58. The company had a trading volume of 2,478,322 shares, compared to its average volume of 3,949,455. The company's fifty day moving average is $65.69 and its 200 day moving average is $64.52. The company has a market cap of $40.95 billion, a P/E ratio of 19.04, a PEG ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18.
Trip.com Group Announces Dividend
The company also recently announced a -- dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's payout ratio is 8.02%.
About Trip.com Group
(
Free Report)
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.
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