Premier Fund Managers Ltd Purchases New Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Premier Fund Managers Ltd acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 89,000 shares of the company’s stock, valued at approximately $6,105,000.

A number of other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Trip.com Group by 45.5% during the 3rd quarter. Victory Capital Management Inc. now owns 10,985 shares of the company’s stock valued at $653,000 after acquiring an additional 3,433 shares in the last quarter. Cerity Partners LLC grew its position in shares of 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 purchasing an additional 1,896 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Trip.com Group by 5.2% in the third quarter. Daiwa Securities Group Inc. now owns 23,787 shares of the company’s stock valued at $1,414,000 after purchasing an additional 1,177 shares during the last quarter. FMR LLC lifted its position in Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after buying an additional 2,749,365 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in Trip.com Group by 218.1% during the third quarter. Quantbot Technologies LP now owns 16,644 shares of the company’s stock worth $989,000 after buying an additional 11,412 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Up 3.3 %

NASDAQ TCOM opened at $65.18 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $41.98 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The stock’s 50 day simple moving average is $65.78 and its 200 day simple moving average is $64.18. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18.

Trip.com Group Dividend Announcement

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

Wall Street Analyst Weigh In

TCOM has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research note 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. lowered their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Finally, Citigroup increased 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. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $77.08.

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.