Axiom Investors LLC DE raised its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 79.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,131,000 shares of the company's stock after acquiring an additional 499,823 shares during the period. Axiom Investors LLC DE owned about 0.18% of Trip.com Group worth $77,654,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of TCOM. Wellington Management Group LLP increased its holdings in shares of Trip.com Group by 92.9% during the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock worth $299,700,000 after buying an additional 2,101,937 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Trip.com Group by 33.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,675 shares of the company's stock valued at $3,136,000 after purchasing an additional 11,479 shares in the last quarter. Dorsey Wright & Associates bought a new position in Trip.com Group in the 4th quarter valued at $2,026,000. Schroder Investment Management Group increased its stake in shares of Trip.com Group by 2.1% in the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock valued at $700,115,000 after buying an additional 213,381 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Trip.com Group in the fourth quarter valued at about $8,297,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.
Trip.com Group Trading Down 3.7 %
Shares of NASDAQ:TCOM traded down $2.36 during mid-day trading on Thursday, reaching $61.22. The stock had a trading volume of 2,868,956 shares, compared to its average volume of 3,823,086. The firm has a 50 day simple moving average of $65.44 and a two-hundred day simple moving average of $64.74. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The firm has a market cap of $39.43 billion, a PE ratio of 18.32, 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 Dividend Announcement
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 $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 8.02%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on TCOM shares. 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. Citigroup boosted their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. Finally, StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $77.08.
Read Our Latest Stock Analysis on TCOM
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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