Polar Capital Holdings Plc Has $69.54 Million Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Polar Capital Holdings Plc increased its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,012,840 shares of the company's stock after buying an additional 275,629 shares during the quarter. Polar Capital Holdings Plc owned approximately 0.16% of Trip.com Group worth $69,542,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. WT Asset Management Ltd boosted its stake in Trip.com Group by 92.3% in the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after buying an additional 21,316 shares in the last quarter. BOCHK Asset Management Ltd increased its stake in Trip.com Group by 85.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock valued at $893,000 after buying an additional 6,000 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Trip.com Group during the 4th quarter valued at $4,192,000. Capital Advisory Group Advisory Services LLC purchased a new position in Trip.com Group in the 4th quarter valued at approximately $381,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Trip.com Group during the 4th quarter valued at about $8,297,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Down 6.2%

NASDAQ TCOM traded down $4.13 during mid-day trading on Tuesday, reaching $62.97. 4,919,533 shares of the company's stock traded hands, compared to its average volume of 4,016,297. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $60.34 and a 200-day simple moving average of $64.57. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a market cap of $41.14 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 0.67 and a beta of 0.08.

Trip.com Group Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Friday, April 4th. Shareholders 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 (DPR) is presently 8.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TCOM shares. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. JPMorgan Chase & Co. dropped their target price on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. TD Securities lifted their price objective on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Benchmark reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $77.98.

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.