Hel Ved Capital Management Ltd Makes New $1.21 Million Investment in Trip.com Group Limited (NASDAQ:TCOM)

Hel Ved Capital Management Ltd bought a new stake in Trip.com Group Limited (NASDAQ:TCOM) during the 4th quarter, HoldingsChannel reports. The fund bought 17,600 shares of the company’s stock, valued at approximately $1,208,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC increased its stake in Trip.com Group by 16.1% in the third quarter. Cerity Partners LLC now owns 13,706 shares of the company’s stock valued at $815,000 after acquiring an additional 1,896 shares during the last quarter. Parallax Volatility Advisers L.P. increased its stake in shares of Trip.com Group by 131.4% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 33,789 shares of the company’s stock valued at $2,008,000 after purchasing an additional 19,184 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Trip.com Group by 27.6% during the 3rd quarter. Quantinno Capital Management LP now owns 13,173 shares of the company’s stock worth $783,000 after buying an additional 2,853 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Trip.com Group by 18.4% during the 3rd quarter. Stifel Financial Corp now owns 17,200 shares of the company’s stock worth $1,022,000 after buying an additional 2,678 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake 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 buying an additional 1,919,006 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TCOM has been the subject of several research analyst reports. Citigroup boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped 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, StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. 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 company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Price Performance

TCOM stock opened at $55.89 on Friday. The company has a market capitalization of $36.00 billion, a P/E ratio of 16.73, a PEG ratio of 0.67 and a beta of 0.12. The company has a fifty day moving average price of $64.99 and a 200-day moving average price of $64.78. 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 52-week low of $38.23 and a 52-week high of $77.18.

Trip.com Group Dividend Announcement

The business also recently announced a — dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group’s payout ratio is presently 8.02%.

Trip.com Group 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.