Trip.com Group Limited (NASDAQ:TCOM) Shares Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC lifted its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 93.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,244,863 shares of the company's stock after purchasing an additional 602,151 shares during the quarter. Voloridge Investment Management LLC owned about 0.19% of Trip.com Group worth $85,472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Trip.com Group in the fourth quarter valued at approximately $25,000. National Bank of Canada FI increased its holdings in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Trip.com Group by 1,496.7% in 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. increased its holdings in shares of 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 during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after purchasing an additional 510 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TCOM. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $78.53.

Trip.com Group Trading Up 3.3%

TCOM opened at $67.10 on Tuesday. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The business has a fifty day simple moving average of $60.34 and a 200-day simple moving average of $64.57. The firm has a market cap of $43.83 billion, a P/E ratio of 20.09, a P/E/G ratio of 0.67 and a beta of 0.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Dividend Announcement

The company also recently declared a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.