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

PARUS FINANCE UK Ltd grew its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 59.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,035 shares of the company’s stock after acquiring an additional 33,425 shares during the quarter. Trip.com Group accounts for approximately 1.9% of PARUS FINANCE UK Ltd’s holdings, making the stock its 16th largest holding. PARUS FINANCE UK Ltd’s holdings in Trip.com Group were worth $6,182,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. FMR LLC boosted its stake in Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares in the last quarter. ARGA Investment Management LP raised its holdings in shares of Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after buying an additional 1,884,044 shares during the last quarter. CoreView Capital Management Ltd lifted its stake in shares of Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after buying an additional 639,000 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Trip.com Group by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company’s stock valued at $205,678,000 after buying an additional 34,586 shares during the last quarter. Finally, Wellington Management Group LLP increased its position 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 valued at $134,493,000 after acquiring an additional 1,919,006 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TCOM. Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Finally, Benchmark restated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. One investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $62.68 on Friday. The stock has a market capitalization of $40.37 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $65.69 and its 200-day moving average price is $64.28.

Trip.com Group Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date is 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.