Advisory Services Network LLC Invests $409,000 in Trip.com Group Limited (NASDAQ:TCOM)

Advisory Services Network LLC acquired a new stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,963 shares of the company's stock, valued at approximately $409,000.

Several other hedge funds have also recently added to or reduced their stakes in TCOM. abrdn plc increased its position in shares of Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after buying an additional 150 shares in the last quarter. Principal Securities Inc. grew its stake in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after acquiring an additional 169 shares during the period. Rhumbline Advisers increased its holdings in shares of Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after acquiring an additional 184 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Trip.com Group by 4.3% in the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock worth $367,000 after acquiring an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Trip.com Group by 2.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after purchasing an additional 244 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Up 2.9 %

Shares of NASDAQ TCOM traded up $1.62 during trading hours on Tuesday, hitting $56.87. The company had a trading volume of 4,299,255 shares, compared to its average volume of 4,072,627. The stock has a market capitalization of $36.63 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The firm's 50 day moving average is $60.77 and its 200-day moving average is $64.68. 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 Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 8.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TCOM shares. StockNews.com raised Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday. Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. Citigroup raised their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced 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. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average 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.