Premier Fund Managers Ltd Acquires Shares of 89,000 Trip.com Group Limited (NASDAQ:TCOM)

Premier Fund Managers Ltd purchased a new position in shares of Trip.com Group Limited (NASDAQ:TCOM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 89,000 shares of the company’s stock, valued at approximately $6,105,000.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its position 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 buying an additional 2,749,365 shares during the last quarter. Aspex Management HK Ltd purchased a new position in Trip.com Group during the third quarter valued at approximately $128,962,000. Wellington Management Group LLP lifted its stake in 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. ARGA Investment Management LP boosted its stake in shares of 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 worth $350,602,000 after purchasing an additional 1,884,044 shares during the period. Finally, Wasatch Advisors LP purchased a new stake in shares of Trip.com Group in the third quarter valued at approximately $73,336,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Up 3.3 %

Shares of TCOM stock opened at $65.18 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $41.98 billion, a price-to-earnings ratio of 19.51, a P/E/G 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 firm has a fifty day moving average of $65.78 and a 200-day moving average of $64.18.

Trip.com Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented 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 for the company in a research note on Thursday, February 27th. 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 research report on Friday, January 3rd. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Trip.com Group currently has an average rating of “Buy” and an average price target of $77.08.

Trip.com Group Company 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.