Pinpoint Asset Management Ltd Invests $20.11 Million in Trip.com Group Limited (NASDAQ:TCOM)

Pinpoint Asset Management Ltd bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 292,919 shares of the company's stock, valued at approximately $20,112,000. Trip.com Group makes up approximately 3.7% of Pinpoint Asset Management Ltd's holdings, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Trip.com Group by 17.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 465,468 shares of the company's stock worth $31,959,000 after buying an additional 70,414 shares during the last quarter. National Bank of Canada FI lifted its position 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 worth $32,000 after acquiring an additional 321 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in Trip.com Group by 17.2% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 136,012 shares of the company's stock valued at $9,339,000 after acquiring an additional 19,976 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Trip.com Group in the fourth quarter valued at about $1,358,000. Finally, Axiom Investors LLC DE increased its stake in shares of Trip.com Group by 79.2% in the fourth quarter. Axiom Investors LLC DE now owns 1,131,000 shares of the company's stock worth $77,654,000 after purchasing an additional 499,823 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TCOM. Citigroup raised their target price on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price objective 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. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Benchmark reissued a "buy" rating and issued a $80.00 price target 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $77.08.

Trip.com Group Price Performance

NASDAQ TCOM traded up $0.32 during trading on Wednesday, reaching $52.53. 3,806,057 shares of the company traded hands, compared to its average volume of 3,975,659. 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's 50 day moving average price is $63.89 and its two-hundred day moving average price is $65.02. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a market cap of $33.84 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 0.67 and a beta of 0.12.

Trip.com Group Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid 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%.

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.