Polymer Capital Management HK LTD Sells 33,780 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Polymer Capital Management HK LTD decreased its position in Trip.com Group Limited (NASDAQ:TCOM) by 23.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 111,318 shares of the company’s stock after selling 33,780 shares during the period. Trip.com Group comprises approximately 1.3% of Polymer Capital Management HK LTD’s portfolio, making the stock its 19th biggest holding. Polymer Capital Management HK LTD’s holdings in Trip.com Group were worth $7,643,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Trip.com Group in the fourth quarter worth $25,000. National Bank of Canada FI increased its holdings in Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock worth $32,000 after buying an additional 321 shares in the last quarter. Rakuten Securities Inc. raised its holdings in shares of Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after buying an additional 169 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after purchasing an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TCOM. JPMorgan Chase & Co. lowered their target price on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Benchmark reiterated a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, Citigroup upped their price target 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 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 company. Based on data from MarketBeat, Trip.com Group currently has an average rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $55.89 on Friday. The company has a market cap of $36.00 billion, a P/E ratio of 16.73, a P/E/G ratio of 0.67 and a beta of 0.12. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The company’s 50-day moving average price is $64.99 and its 200-day moving average price is $64.91.

Trip.com Group Announces Dividend

The business also recently declared a — dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is presently 8.02%.

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.