Dorsey Wright & Associates acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,508 shares of the company's stock, valued at approximately $2,026,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. 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. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Trip.com Group in the 4th quarter valued at $8,297,000. PARUS FINANCE UK Ltd lifted its stake in shares of Trip.com Group by 59.0% during the fourth quarter. PARUS FINANCE UK Ltd now owns 90,035 shares of the company's stock valued at $6,182,000 after acquiring an additional 33,425 shares during the period. Orion Portfolio Solutions LLC increased its position in Trip.com Group by 31.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,285 shares of the company's stock worth $1,118,000 after purchasing an additional 3,932 shares during the period. Finally, Premier Fund Managers Ltd bought a new stake in Trip.com Group during the 4th quarter worth about $6,105,000. Institutional investors and hedge funds own 35.41% of the company's stock.
Trip.com Group Stock Performance
TCOM stock traded down $0.41 during midday trading on Tuesday, reaching $63.17. 2,728,005 shares of the company were exchanged, compared to its average volume of 3,944,610. The firm has a market capitalization of $40.69 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The business has a 50-day moving average price of $65.62 and a two-hundred day moving average price of $64.64. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.
Trip.com Group Announces Dividend
The business also recently declared a -- dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is currently 8.02%.
Analyst Upgrades and Downgrades
A number of research firms have commented on TCOM. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Citigroup lifted their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price objective on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $77.08.
Check Out Our Latest Research Report on Trip.com Group
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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