Norges Bank bought a new stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 982,707 shares of the company's stock, valued at approximately $67,473,000. Norges Bank owned 0.15% of Trip.com Group at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. abrdn plc increased its position in shares of Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after purchasing an additional 150 shares during the last quarter. Principal Securities Inc. increased its holdings in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after buying an additional 169 shares during the last quarter. Rhumbline Advisers lifted its holdings in Trip.com Group by 1.6% during the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after buying an additional 184 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Trip.com Group by 4.3% during the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock worth $367,000 after acquiring an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased 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 valued at $875,000 after acquiring an additional 244 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on TCOM shares. JPMorgan Chase & Co. lowered their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Citigroup upped their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a report on Friday, January 3rd. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. One equities 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $77.08.
Get Our Latest Stock Report on TCOM
Trip.com Group Trading Down 3.7 %
NASDAQ:TCOM opened at $61.20 on Friday. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock's 50 day simple moving average is $65.30 and its 200-day simple moving average is $64.72. The firm has a market cap of $39.42 billion, a P/E ratio of 18.32, a PEG ratio of 0.67 and a beta of 0.38.
Trip.com Group Announces Dividend
The company also recently disclosed a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's payout ratio is currently 8.02%.
Trip.com Group Company Profile
(
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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