Tremblant Capital Group Increases Stake in Trip.com Group Limited (NASDAQ:TCOM)

Tremblant Capital Group increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 220.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 297,695 shares of the company's stock after buying an additional 204,744 shares during the period. Trip.com Group accounts for 2.1% of Tremblant Capital Group's holdings, making the stock its 25th biggest holding. Tremblant Capital Group's holdings in Trip.com Group were worth $20,440,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. WT Asset Management Ltd lifted its position in shares of Trip.com Group by 92.3% during the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after acquiring an additional 21,316 shares during the period. BOCHK Asset Management Ltd increased its position in shares of Trip.com Group by 85.7% during the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock valued at $893,000 after purchasing an additional 6,000 shares during the last quarter. Raymond James Financial Inc. bought a new position in Trip.com Group during the fourth quarter valued at about $4,192,000. Capital Advisory Group Advisory Services LLC bought a new position in Trip.com Group during the fourth quarter valued at about $381,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Trip.com Group during the fourth quarter valued at about $8,297,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Down 1.9%

Shares of NASDAQ:TCOM traded down $1.19 on Thursday, reaching $61.06. 3,970,042 shares of the company traded hands, compared to its average volume of 4,016,002. The business's 50-day simple moving average is $60.40 and its 200 day simple moving average is $64.55. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The stock has a market capitalization of $39.89 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. 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 Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on TCOM. JPMorgan Chase & Co. dropped their price objective on 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. TD Securities upped their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday. Bank of America upped their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Trip.com Group currently has a consensus rating of "Buy" and an average price target of $77.25.

Trip.com Group 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.