Contrarius Group Holdings Ltd Invests $24.55 Million in Trip.com Group Limited (NASDAQ:TCOM)

Contrarius Group Holdings Ltd purchased a new stake in Trip.com Group Limited (NASDAQ:TCOM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 357,598 shares of the company’s stock, valued at approximately $24,553,000. Trip.com Group makes up about 1.5% of Contrarius Group Holdings Ltd’s investment portfolio, making the stock its 19th biggest holding. Contrarius Group Holdings Ltd owned about 0.06% of Trip.com Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TCOM. FMR LLC increased its stake in shares of Trip.com Group by 32.8% in the third 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. Sanders Capital LLC grew its position in shares of Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after buying an additional 2,462,767 shares during the period. Aspex Management HK Ltd bought a new position in shares of Trip.com Group in the 3rd quarter worth $128,962,000. Wellington Management Group LLP lifted its holdings in shares of Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after purchasing an additional 1,919,006 shares in the last quarter. Finally, ARGA Investment Management LP lifted its stake in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after acquiring an additional 1,884,044 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TCOM. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Barclays lifted their target price on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. 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. Finally, JPMorgan Chase & Co. dropped their target price on 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. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $67.00 on Thursday. The stock has a market capitalization of $43.15 billion, a PE ratio of 20.06, a P/E/G ratio of 0.67 and a beta of 0.38. The business has a 50 day simple moving average of $65.83 and a two-hundred day simple moving average of $63.59. 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 Limited has a 1-year low of $38.23 and a 1-year high of $77.18.

Trip.com Group Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 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.