Amundi boosted its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 203.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 996,123 shares of the company's stock after buying an additional 667,589 shares during the quarter. Amundi owned approximately 0.15% of Trip.com Group worth $64,648,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in TCOM. Brooklyn Investment Group acquired a new position in shares of Trip.com Group in the 4th quarter valued at $25,000. Principal Securities Inc. lifted its stake in shares of Trip.com Group by 46.8% in the 4th 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 period. RPg Family Wealth Advisory LLC acquired a new position in shares of Trip.com Group in the 3rd quarter valued at $38,000. SBI Securities Co. Ltd. acquired a new position in shares of Trip.com Group in the 4th quarter valued at $94,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Trip.com Group in the 4th quarter valued at $121,000. Institutional investors and hedge funds own 35.41% of the company's stock.
Analyst Upgrades and Downgrades
TCOM has been the topic of a number of analyst reports. Hsbc Global Res raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. HSBC raised Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research note on Tuesday, November 19th. Macquarie upped their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Barclays upped their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Finally, TD Cowen upped their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and an average target price of $77.08.
Check Out Our Latest Analysis on Trip.com Group
Trip.com Group Price Performance
TCOM stock opened at $61.59 on Wednesday. The stock has a 50-day moving average price of $66.07 and a two-hundred day moving average price of $62.94. The stock has a market cap of $39.67 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18.
Trip.com Group Announces Dividend
The company also recently announced a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 8.02%.
Trip.com Group Company 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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