Trip.com Group Limited (NASDAQ:TCOM) Shares Purchased by PARUS FINANCE UK Ltd

PARUS FINANCE UK Ltd boosted its position in Trip.com Group Limited (NASDAQ:TCOM) by 59.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,035 shares of the company’s stock after purchasing an additional 33,425 shares during the quarter. Trip.com Group comprises approximately 1.9% of PARUS FINANCE UK Ltd’s investment portfolio, making the stock its 16th largest position. PARUS FINANCE UK Ltd’s holdings in Trip.com Group were worth $6,182,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headwater Capital Co Ltd acquired a new stake in shares of Trip.com Group in the fourth quarter valued at approximately $13,732,000. WT Asset Management Ltd grew 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 valued at $3,050,000 after buying an additional 21,316 shares in the last quarter. BOCHK Asset Management Ltd increased its stake in shares of Trip.com Group by 85.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company’s stock worth $893,000 after acquiring an additional 6,000 shares during the last quarter. Capital Advisory Group Advisory Services LLC purchased a new position in shares of Trip.com Group during the 4th quarter worth $381,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Trip.com Group during the 3rd quarter valued at about $922,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of TCOM opened at $62.68 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a market cap of $40.37 billion, a P/E ratio of 18.77, a PEG ratio of 0.67 and a beta of 0.38. The firm’s 50 day moving average price is $65.69 and its 200 day moving average price is $64.28.

Trip.com Group Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group’s payout ratio is currently 8.02%.

Analysts Set New Price Targets

Several research firms recently issued reports on TCOM. Benchmark restated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on 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. Citigroup upped their price target on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Company Profile

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.