Legal & General Group Plc lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 29.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,311,112 shares of the company's stock after selling 1,400,126 shares during the quarter. Legal & General Group Plc owned 0.51% of Trip.com Group worth $227,391,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Brooklyn Investment Group purchased a new stake in Trip.com Group in the fourth quarter valued at approximately $25,000. National Bank of Canada FI lifted its stake in Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after acquiring an additional 321 shares during the period. Rakuten Securities Inc. boosted its holdings 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 valued at $33,000 after acquiring an additional 449 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of 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 purchasing an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Performance
TCOM traded up $0.54 during trading on Friday, reaching $54.73. The company's stock had a trading volume of 5,569,475 shares, compared to its average volume of 4,023,139. 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 fifty day moving average price is $62.52 and its 200-day moving average price is $65.02. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The company has a market capitalization of $35.25 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12.
Trip.com Group Announces Dividend
The company also recently declared a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio is currently 8.02%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on TCOM shares. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Citigroup raised 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. JPMorgan Chase & Co. cut their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Finally, Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $77.08.
View Our Latest Stock Report on Trip.com Group
Trip.com Group Profile
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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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