Fmr LLC Grows Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

FMR LLC increased its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 125.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,088,658 shares of the company's stock after acquiring an additional 13,964,875 shares during the quarter. FMR LLC owned about 3.90% of Trip.com Group worth $1,722,587,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Trip.com Group in the fourth quarter worth $25,000. National Bank of Canada FI grew its position in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after buying an additional 321 shares during the period. Rakuten Securities Inc. increased its stake in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after acquiring an additional 449 shares in the last quarter. Principal Securities Inc. boosted its stake 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 acquiring an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after purchasing an additional 510 shares during the period. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

Shares of Trip.com Group stock traded up $0.54 during trading hours on Friday, reaching $54.73. 5,569,475 shares of the stock traded hands, compared to its average volume of 4,023,139. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The firm has a market capitalization of $35.25 billion, a price-to-earnings ratio of 16.39, a P/E/G 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. The company has a 50 day moving average price of $62.52 and a 200 day moving average price of $65.02.

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 dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio is currently 8.02%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped 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 note on Thursday, February 27th. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Benchmark reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. One 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. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target 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.