Boothbay Fund Management LLC Invests $3.84 Million in Trip.com Group Limited (NASDAQ:TCOM)

Boothbay Fund Management LLC bought a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,959 shares of the company's stock, valued at approximately $3,842,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCOM. FMR LLC grew its position in shares of Trip.com Group by 125.5% in the fourth quarter. FMR LLC now owns 25,088,658 shares of the company's stock valued at $1,722,587,000 after purchasing an additional 13,964,875 shares during the period. Wellington Management Group LLP raised its stake in Trip.com Group by 92.9% during the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock worth $299,700,000 after purchasing an additional 2,101,937 shares during the period. Voya Investment Management LLC raised its stake in Trip.com Group by 751.8% during the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock worth $144,649,000 after purchasing an additional 1,859,401 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Trip.com Group by 16,640.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company's stock worth $98,277,000 after purchasing an additional 1,422,786 shares during the period. Finally, Norges Bank purchased a new stake in shares of Trip.com Group in the 4th quarter valued at approximately $67,473,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Price Performance

Trip.com Group stock traded down $0.34 during midday trading on Wednesday, reaching $58.99. 2,130,794 shares of the company were exchanged, compared to its average volume of 4,061,951. The company has a market capitalization of $37.99 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 0.67 and a beta of 0.12. The firm's 50-day simple moving average is $59.82 and its 200-day simple moving average is $64.47. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Announces Dividend

The firm also recently declared 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 (DPR) is 8.02%.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced 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 research note on Thursday, February 27th. Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday. 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. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price 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.