Assetmark Inc. increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,039 shares of the company's stock after purchasing an additional 8,653 shares during the period. Assetmark Inc.'s holdings in Trip.com Group were worth $4,122,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TCOM. Brooklyn Investment Group acquired a new position in shares of Trip.com Group during the fourth quarter worth about $25,000. Principal Securities Inc. grew its position in shares of 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 purchasing an additional 169 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the third quarter valued at approximately $38,000. SBI Securities Co. Ltd. purchased a new position in shares of Trip.com Group during the fourth quarter valued at approximately $94,000. Finally, Empowered Funds LLC purchased a new position in shares of Trip.com Group during the fourth quarter valued at approximately $136,000. 35.41% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have weighed in on TCOM. TD Cowen increased their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Barclays raised their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Hsbc Global Res raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lowered their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Finally, Mizuho boosted their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $77.08.
Read Our Latest Stock Analysis on Trip.com Group
Trip.com Group Stock Up 0.5 %
TCOM stock traded up $0.31 during mid-day trading on Friday, hitting $63.83. 7,695,577 shares of the company were exchanged, compared to its average volume of 3,859,291. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $41.11 billion, a P/E ratio of 19.11, a P/E/G ratio of 0.67 and a beta of 0.38. The firm's 50 day simple moving average is $66.34 and its 200 day simple moving average is $62.53. 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. Investors 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 payout ratio is 8.02%.
About Trip.com Group
(
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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