Polymer Capital Management HK LTD Invests $4.71 Million in Trip.com Group Limited Sponsored ADR $TCOM

Polymer Capital Management HK LTD purchased a new position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 65,500 shares of the company’s stock, valued at approximately $4,710,000.

A number of other hedge funds have also modified their holdings of TCOM. Brown Brothers Harriman & Co. grew its holdings in shares of Trip.com Group by 237.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after purchasing an additional 280 shares during the period. TD Private Client Wealth LLC purchased a new position in shares of Trip.com Group during the 4th quarter worth $31,000. NewEdge Advisors LLC grew its holdings in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Trip.com Group by 601.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Cowen lowered their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings cut Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Barclays restated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $46.47 on Friday. The business has a 50-day moving average of $50.59 and a 200 day moving average of $58.16. Trip.com Group Limited Sponsored ADR has a 12 month low of $45.92 and a 12 month high of $78.99. The stock has a market capitalization of $30.19 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 3.29 and a beta of -0.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Saturday, February 14th. The company reported $0.71 EPS for the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The company had revenue of $2.20 billion during the quarter. As a group, sell-side analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current year.

Trip.com Group Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.