Alliancebernstein L.P. Buys Shares of 19,774 Trip.com Group Limited (NASDAQ:TCOM)

Alliancebernstein L.P. purchased a new position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,774 shares of the company's stock, valued at approximately $1,358,000.

A number of other large investors have also added to or reduced their stakes in TCOM. Wellington Management Group LLP lifted its position in shares of Trip.com Group by 92.9% in the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock worth $299,700,000 after purchasing an additional 2,101,937 shares during the period. Norges Bank bought a new stake in Trip.com Group during the 4th quarter valued at approximately $67,473,000. Amundi grew its holdings in shares of Trip.com Group by 203.2% during the 4th quarter. Amundi now owns 996,123 shares of the company's stock worth $64,648,000 after acquiring an additional 667,589 shares during the period. Victory Capital Management Inc. raised its position in shares of Trip.com Group by 5,490.3% in the 4th quarter. Victory Capital Management Inc. now owns 614,089 shares of the company's stock worth $42,163,000 after acquiring an additional 603,104 shares in the last quarter. Finally, Trivest Advisors Ltd raised its position in shares of Trip.com Group by 56.5% in the 4th quarter. Trivest Advisors Ltd now owns 1,657,000 shares of the company's stock worth $113,770,000 after acquiring an additional 598,000 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Price Performance

Shares of NASDAQ TCOM traded up $0.05 during midday trading on Thursday, reaching $58.25. 523,600 shares of the stock traded hands, compared to its average volume of 4,065,729. 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 stock has a market capitalization of $37.52 billion, a PE ratio of 17.46, a P/E/G ratio of 0.67 and a beta of 0.12. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company's 50 day moving average is $60.54 and its 200 day moving average is $64.63.

Trip.com Group Announces Dividend

The firm also recently announced a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's payout ratio is 8.02%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup increased their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. cut their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock 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. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $77.08.

Trip.com Group 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.