FIL Ltd Boosts Position in Trip.com Group Limited (NASDAQ:TCOM)

FIL Ltd increased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,453,025 shares of the company's stock after acquiring an additional 684,364 shares during the quarter. FIL Ltd owned about 1.31% of Trip.com Group worth $580,385,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Headwater Capital Co Ltd purchased a new position in shares of Trip.com Group during the 4th quarter worth approximately $13,732,000. WT Asset Management Ltd boosted its holdings in Trip.com Group by 92.3% during 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 during the period. BOCHK Asset Management Ltd grew its position in Trip.com Group by 85.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock valued at $893,000 after acquiring an additional 6,000 shares in the last quarter. Capital Advisory Group Advisory Services LLC purchased a new stake in Trip.com Group during the fourth quarter worth about $381,000. Finally, Principal Financial Group Inc. lifted its position in shares of Trip.com Group by 139.9% during the third quarter. Principal Financial Group Inc. now owns 131,407 shares of the company's stock worth $7,810,000 after purchasing an additional 76,624 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

NASDAQ:TCOM traded up $0.54 during mid-day trading on Friday, reaching $54.73. The stock had a trading volume of 5,569,475 shares, compared to its average volume of 4,023,432. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The business has a 50 day simple moving average of $62.52 and a 200 day simple moving average of $65.08. The firm has a market capitalization of $35.25 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 0.67 and a beta of 0.12. 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 Announces Dividend

The firm also recently announced a -- dividend, which was paid on Friday, April 4th. Shareholders 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 (DPR) is currently 8.02%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TCOM shares. Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Finally, Citigroup upped their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average 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.