Tremblant Capital Group Has $20.44 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

Tremblant Capital Group lifted its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 220.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 297,695 shares of the company’s stock after acquiring an additional 204,744 shares during the period. Trip.com Group makes up about 2.1% of Tremblant Capital Group’s portfolio, making the stock its 25th largest 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 large investors have also made changes to their positions in TCOM. Ritholtz Wealth Management grew its holdings in shares of Trip.com Group by 39.7% during the 4th quarter. Ritholtz Wealth Management now owns 19,160 shares of the company’s stock valued at $1,316,000 after purchasing an additional 5,445 shares during the last quarter. Brooklyn Investment Group bought a new stake in Trip.com Group during the 4th quarter worth approximately $25,000. Aaron Wealth Advisors LLC bought a new stake in Trip.com Group during the 4th quarter worth approximately $232,000. Diversify Wealth Management LLC bought a new stake in Trip.com Group during the 4th quarter worth approximately $575,000. Finally, Atomi Financial Group Inc. grew its holdings in Trip.com Group by 10.2% during the 4th quarter. Atomi Financial Group Inc. now owns 7,575 shares of the company’s stock worth $520,000 after acquiring an additional 703 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TCOM shares. JPMorgan Chase & Co. reduced 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 report on Thursday, February 27th. Benchmark reiterated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Mizuho upgraded shares of Trip.com Group to a “strong-buy” rating in a research report on Friday, May 2nd. Finally, StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. One 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’s stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Buy” and a consensus target price of $78.53.

Trip.com Group Stock Down 0.8%

Shares of NASDAQ TCOM opened at $64.97 on Monday. The firm has a market cap of $42.44 billion, a PE ratio of 19.45, a P/E/G ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The company’s fifty day simple moving average is $60.24 and its 200 day simple moving average is $64.56. 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 business also recently announced a — dividend, which was paid on Friday, April 4th. Investors 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 is presently 8.02%.

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.