American Century Companies Inc. Purchases 462,090 Shares of Trip.com Group Limited (NASDAQ:TCOM)

American Century Companies Inc. lifted its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 58.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,258,031 shares of the company's stock after purchasing an additional 462,090 shares during the period. American Century Companies Inc. owned about 0.20% of Trip.com Group worth $86,376,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. abrdn plc lifted its position in shares of Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after acquiring an additional 150 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Trip.com Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock valued at $825,000 after purchasing an additional 184 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after buying an additional 244 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Trip.com Group by 6.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company's stock valued at $272,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

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Analyst Ratings Changes

TCOM has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of 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. Citigroup upped their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company 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 research note on Wednesday, February 26th. Finally, Benchmark restated a "buy" rating and issued a $80.00 target price 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group presently has an average rating of "Buy" and a consensus price target of $77.08.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM traded down $0.24 during trading hours on Tuesday, hitting $63.67. 3,324,495 shares of the stock were exchanged, compared to its average volume of 3,883,781. The firm has a market capitalization of $41.01 billion, a P/E ratio of 19.06, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. 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 $65.84 and its 200 day moving average is $64.06.

Trip.com Group Announces Dividend

The business also recently declared a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group's dividend payout ratio is 8.02%.

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.