Mitsubishi UFJ Trust & Banking Corp Increases Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,557 shares of the company's stock after purchasing an additional 4,325 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Trip.com Group were worth $2,029,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TCOM. Brooklyn Investment Group purchased a new stake in shares of Trip.com Group during the fourth quarter valued at $25,000. Rakuten Securities Inc. increased 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 worth $33,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. raised its stake in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after acquiring an additional 510 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Trip.com Group in the fourth quarter valued at $94,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TCOM shares. Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. 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 report on Thursday, February 27th. Finally, StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group currently has an average rating of "Buy" and an average price target of $77.08.

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Trip.com Group Stock Performance

Shares of NASDAQ:TCOM traded down $5.26 during midday trading on Friday, hitting $55.94. The company had a trading volume of 4,799,920 shares, compared to its average volume of 3,920,783. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The company has a fifty day moving average of $65.30 and a two-hundred day moving average of $64.72. The company has a market cap of $36.03 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is 8.02%.

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.