Northwest & Ethical Investments L.P. Raises Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Northwest & Ethical Investments L.P. lifted its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,800 shares of the company's stock after buying an additional 7,265 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Trip.com Group were worth $5,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TCOM. abrdn plc lifted its holdings in Trip.com Group by 0.5% in the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after acquiring an additional 150 shares during the period. Principal Securities Inc. increased its position in shares of 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. Rhumbline Advisers lifted its stake in shares of Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after purchasing an additional 184 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after buying an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Trip.com Group by 6.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company's stock valued at $272,000 after buying an additional 250 shares during the period. Institutional investors own 35.41% of the company's stock.

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Analyst Ratings Changes

Several brokerages have recently weighed in on TCOM. JPMorgan Chase & Co. dropped their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Citigroup lifted their target price on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $77.08.

Trip.com Group Price Performance

TCOM stock traded down $0.24 during midday trading on Tuesday, hitting $63.67. The company's stock had a trading volume of 3,324,495 shares, compared to its average volume of 3,881,098. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a 50 day moving average of $65.84 and a two-hundred day moving average of $64.06. The firm has a market capitalization of $41.01 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group's 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.