Polymer Capital Management HK LTD Acquires New Stake in Trip.com Group Limited Sponsored ADR $TCOM

Polymer Capital Management HK LTD acquired a new stake in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 65,500 shares of the company’s stock, valued at approximately $4,710,000.

Several other hedge funds have also recently added to or reduced their stakes in TCOM. Royal Bank of Canada raised its stake in Trip.com Group by 22.9% in the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock valued at $2,068,000 after purchasing an additional 6,062 shares during the last quarter. NewEdge Advisors LLC raised its stake in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Trip.com Group by 332.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock valued at $2,549,000 after purchasing an additional 30,819 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in Trip.com Group in the 2nd quarter valued at $215,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TCOM has been the subject of several recent research reports. Benchmark reduced their price objective on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Barclays reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research note 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. Morgan Stanley restated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Trip.com Group Stock Down 1.9%

Shares of NASDAQ:TCOM opened at $46.47 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $50.59 and a two-hundred day moving average of $58.16. The stock has a market cap of $30.19 billion, a P/E ratio of 6.94, a PEG ratio of 3.29 and a beta of -0.07. Trip.com Group Limited Sponsored ADR has a 52-week low of $45.92 and a 52-week high of $78.99.

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

About Trip.com Group

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.