Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 848,312 shares of the company's stock after purchasing an additional 94,200 shares during the quarter. Renaissance Technologies LLC owned about 0.13% of Trip.com Group worth $58,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group purchased a new position in Trip.com Group during the fourth quarter worth approximately $25,000. National Bank of Canada FI raised its holdings in shares of 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 period. Rakuten Securities Inc. raised its holdings in shares of Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. boosted 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 acquiring an additional 169 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after purchasing an additional 510 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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Trip.com Group Trading Up 1.0 %

TCOM traded up $0.54 during mid-day trading on Friday, hitting $54.73. 5,569,475 shares of the stock were exchanged, compared to its average volume of 4,023,139. The firm's fifty day moving average is $62.52 and its two-hundred day moving average 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 $35.25 billion, a PE ratio of 16.39, a PEG ratio of 0.67 and a beta of 0.12. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio is presently 8.02%.

Analysts Set New Price Targets

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

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.