Harvest Fund Management Co. Ltd increased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 58.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,734 shares of the company's stock after acquiring an additional 38,503 shares during the period. Harvest Fund Management Co. Ltd's holdings in Trip.com Group were worth $7,172,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in shares of Trip.com Group during the 4th quarter worth $25,000. Rakuten Securities Inc. lifted its stake in shares of Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. boosted its holdings 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 buying an additional 169 shares in the last quarter. Farther Finance Advisors LLC grew its position in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after buying an additional 510 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 35.41% of the company's stock.
Analysts Set New Price Targets
TCOM has been the topic of several research analyst reports. Benchmark reissued a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. Citigroup boosted their target price 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 price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Finally, StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. One investment 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 company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $77.08.
Get Our Latest Stock Report on Trip.com Group
Trip.com Group Price Performance
TCOM stock traded down $0.30 during trading on Friday, hitting $64.23. The stock had a trading volume of 4,119,253 shares, compared to its average volume of 3,884,148. The stock has a market cap of $41.37 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. 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 company's 50 day moving average price is $65.84 and its two-hundred day moving average price is $63.83. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18.
Trip.com Group Dividend Announcement
The company also recently disclosed a -- dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio is presently 8.02%.
About Trip.com Group
(
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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