Barclays PLC Increases Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Barclays PLC increased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 98.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,557 shares of the company's stock after purchasing an additional 151,461 shares during the quarter. Barclays PLC's holdings in Trip.com Group were worth $20,910,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TCOM. FMR LLC increased its stake in Trip.com Group by 125.5% in the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after acquiring an additional 13,964,875 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Trip.com Group by 92.9% during the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after acquiring an additional 2,101,937 shares during the last quarter. Norges Bank purchased a new position in shares of Trip.com Group in the fourth quarter valued at $67,473,000. FIL Ltd increased its position in Trip.com Group by 8.8% in the fourth quarter. FIL Ltd now owns 8,453,025 shares of the company's stock worth $580,385,000 after purchasing an additional 684,364 shares during the last quarter. Finally, Amundi raised its stake in Trip.com Group by 203.2% during the fourth quarter. Amundi now owns 996,123 shares of the company's stock valued at $64,648,000 after purchasing an additional 667,589 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TCOM. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th. JPMorgan Chase & Co. reduced their price objective 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. Citigroup upped their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Finally, Benchmark reiterated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Trip.com Group currently has an average rating of "Buy" and a consensus price target of $77.08.

Trip.com Group Trading Down 0.3 %

TCOM traded down $0.16 during trading hours on Friday, reaching $57.50. 1,098,052 shares of the company's stock traded hands, compared to its average volume of 4,065,071. The firm has a 50-day moving average price of $60.31 and a 200 day moving average price of $64.56. The firm has a market capitalization of $37.03 billion, a PE ratio of 17.20, a PEG ratio of 0.67 and a beta of 0.12. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18.

Trip.com Group Dividend Announcement

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

Trip.com Group Company 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.