Envestnet Asset Management Inc. Increases Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Envestnet Asset Management Inc. grew its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,104 shares of the company's stock after purchasing an additional 28,107 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Trip.com Group were worth $9,894,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. abrdn plc grew its stake in shares of Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after acquiring an additional 150 shares during the period. Principal Securities Inc. boosted its position in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after purchasing an additional 169 shares during the period. Rhumbline Advisers increased its stake in shares of Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after purchasing an additional 184 shares in the last quarter. Blair William & Co. IL raised its position in shares of Trip.com Group by 4.3% in the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after purchasing an additional 219 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Trip.com Group by 2.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock valued at $875,000 after buying an additional 244 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Down 0.1 %

TCOM stock traded down $0.06 during trading on Thursday, hitting $58.14. 628,868 shares of the company traded hands, compared to its average volume of 4,066,101. The company has a 50-day moving average of $60.54 and a 200-day moving average of $64.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The firm has a market capitalization of $37.45 billion, a PE ratio of 17.41, a P/E/G ratio of 0.67 and a beta of 0.12.

Trip.com Group Dividend Announcement

The company also recently announced 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 dividend payout ratio is 8.02%.

Analysts Set New Price Targets

TCOM has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Benchmark restated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Finally, Citigroup lifted their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $77.08.

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.