Premier Fund Managers Ltd purchased a new position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,000 shares of the company's stock, valued at approximately $6,105,000.
Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company's stock valued at $661,086,000 after purchasing an additional 2,749,365 shares in the last quarter. Aspex Management HK Ltd acquired a new stake in shares of Trip.com Group in the 3rd quarter worth $128,962,000. Wellington Management Group LLP grew its stake in shares of Trip.com Group by 557.8% during the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company's stock worth $134,493,000 after acquiring an additional 1,919,006 shares during the last quarter. ARGA Investment Management LP raised its position in shares of Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock valued at $350,602,000 after purchasing an additional 1,884,044 shares during the last quarter. Finally, Wasatch Advisors LP purchased a new stake in Trip.com Group during the 3rd quarter worth approximately $73,336,000. Hedge funds and other institutional investors own 35.41% of the company's stock.
Trip.com Group Price Performance
Trip.com Group stock traded down $0.88 during midday trading on Tuesday, reaching $62.70. The company's stock had a trading volume of 1,507,146 shares, compared to its average volume of 3,940,237. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a market capitalization of $40.38 billion, a PE ratio of 18.77, a P/E/G ratio of 0.67 and a beta of 0.38. The stock's 50 day simple moving average is $65.62 and its 200 day simple moving average is $64.64.
Trip.com Group Announces Dividend
The firm also recently announced 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%.
Analyst Ratings Changes
A number of research analysts have issued reports on TCOM shares. StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. 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. Citigroup upped 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. Finally, JPMorgan Chase & Co. cut 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. 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, the stock presently has a consensus rating of "Buy" and a consensus price target of $77.08.
Get Our Latest Analysis on Trip.com Group
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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