Nomura Asset Management Co. Ltd. Invests $1.35 Million in Trip.com Group Limited (NASDAQ:TCOM)

Nomura Asset Management Co. Ltd. bought a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,591 shares of the company's stock, valued at approximately $1,345,000.

Several other hedge funds have also recently added to or reduced their stakes in TCOM. abrdn plc grew its stake in shares of Trip.com Group by 0.5% in the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after purchasing an additional 150 shares during the last quarter. Principal Securities Inc. lifted 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 valued at $36,000 after purchasing an additional 169 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after buying an additional 184 shares in the last quarter. Blair William & Co. IL raised its stake in Trip.com Group by 4.3% during the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after purchasing an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Trip.com Group by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after acquiring an additional 244 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of analyst reports. 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. JPMorgan Chase & Co. reduced their target price on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Citigroup increased their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. One research 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's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $77.08.

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Trip.com Group Price Performance

Shares of NASDAQ TCOM traded down $5.31 during trading on Friday, reaching $55.89. The company had a trading volume of 7,866,859 shares, compared to its average volume of 3,934,831. The business's 50 day moving average price is $64.99 and its 200-day moving average price is $64.78. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. 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 stock has a market cap of $36.00 billion, a PE ratio of 16.73, a PEG ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio is currently 8.02%.

Trip.com Group 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.