Fred Alger Management LLC Acquires 22,250 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Fred Alger Management LLC grew its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 249,576 shares of the company's stock after buying an additional 22,250 shares during the period. Fred Alger Management LLC's holdings in Trip.com Group were worth $17,136,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Trip.com Group during the 4th quarter valued at $25,000. National Bank of Canada FI boosted its holdings in shares of Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after buying an additional 321 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after buying an additional 449 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after buying an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after buying an additional 510 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

TCOM stock traded down $0.54 on Friday, hitting $61.43. The company had a trading volume of 1,684,057 shares, compared to its average volume of 4,029,561. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. 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 stock's 50-day simple moving average is $59.97 and its 200 day simple moving average is $64.51. The stock has a market cap of $40.13 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 0.67 and a beta of 0.08.

Trip.com Group Dividend Announcement

The business also recently announced a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio is currently 8.02%.

Analysts Set New Price Targets

TCOM has been the topic of a number of research reports. Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. JPMorgan Chase & Co. dropped their target price 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. Finally, Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and a consensus 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.