Trip.com Group Limited (NASDAQ:TCOM) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 63.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,613 shares of the company's stock after buying an additional 16,939 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Trip.com Group were worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Headwater Capital Co Ltd acquired a new position in Trip.com Group during the fourth quarter worth $13,732,000. Massachusetts Financial Services Co. MA lifted its stake in Trip.com Group by 85.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company's stock worth $23,478,000 after acquiring an additional 182,403 shares in the last quarter. WT Asset Management Ltd grew its position in Trip.com Group by 92.3% in the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after acquiring an additional 21,316 shares in the last quarter. BOCHK Asset Management Ltd increased its stake in Trip.com Group by 85.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock worth $893,000 after purchasing an additional 6,000 shares during the period. Finally, Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Trip.com Group during the fourth quarter worth about $381,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

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Trip.com Group Stock Performance

Trip.com Group stock traded down $0.24 during midday trading on Tuesday, hitting $63.67. 3,324,495 shares of the company's stock were exchanged, compared to its average volume of 3,883,781. The firm's 50 day simple moving average is $65.84 and its 200 day simple moving average is $64.06. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. 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 stock has a market cap of $41.01 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The company also recently disclosed a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given 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 currently 8.02%.

Analysts Set New Price Targets

TCOM has been the subject of a number of research reports. JPMorgan Chase & Co. dropped 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 report on Thursday, February 27th. Citigroup lifted their target price on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and a consensus target price of $77.08.

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.