Raymond James Financial Inc. bought a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 61,055 shares of the company's stock, valued at approximately $4,192,000.
A number of other hedge funds also recently added to or reduced their stakes in TCOM. Headwater Capital Co Ltd purchased a new stake in shares of Trip.com Group during the fourth quarter worth $13,732,000. WT Asset Management Ltd increased its holdings in Trip.com Group by 92.3% during the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock worth $3,050,000 after purchasing an additional 21,316 shares during the period. BOCHK Asset Management Ltd raised its position 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 purchasing an additional 6,000 shares in the last quarter. Capital Advisory Group Advisory Services LLC purchased a new position in shares of Trip.com Group in the 4th quarter valued at about $381,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Trip.com Group during the third quarter worth about $922,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on TCOM shares. Citigroup lifted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Finally, Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $77.08.
Read Our Latest Research Report on TCOM
Trip.com Group Stock Performance
Shares of TCOM traded down $2.50 during midday trading on Friday, reaching $62.68. 2,473,597 shares of the stock were exchanged, compared to its average volume of 3,955,340. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $40.37 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.67 and a beta of 0.38. The business's 50-day moving average price is $65.69 and its 200 day moving average price is $64.52.
Trip.com Group Announces Dividend
The company also recently disclosed a -- dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group's payout ratio is currently 8.02%.
Trip.com Group Profile
(
Free Report)
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.
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