Hel Ved Capital Management Ltd Takes Position in Trip.com Group Limited (NASDAQ:TCOM)

Hel Ved Capital Management Ltd bought a new position in shares of Trip.com Group Limited (NASDAQ:TCOM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,600 shares of the company’s stock, valued at approximately $1,208,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in shares of Trip.com Group during the 4th quarter worth about $25,000. National Bank of Canada FI raised its holdings in Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock worth $32,000 after acquiring an additional 321 shares in the last quarter. Rakuten Securities Inc. boosted its position in 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. grew its stake in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Trip.com Group by 443.5% during the 4th 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. Institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

TCOM has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. 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. Finally, Citigroup upped their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Price Performance

Trip.com Group stock opened at $55.89 on Friday. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of 16.73, a PEG 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 12 month low of $38.23 and a 12 month high of $77.18. The stock’s 50 day moving average is $64.99 and its 200-day moving average is $64.78.

Trip.com Group Dividend Announcement

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