Schroder Investment Management Group raised its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,196,836 shares of the company's stock after purchasing an additional 213,381 shares during the period. Trip.com Group accounts for approximately 0.7% of Schroder Investment Management Group's portfolio, making the stock its 26th biggest holding. Schroder Investment Management Group owned approximately 1.58% of Trip.com Group worth $700,115,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of TCOM. ARGA Investment Management LP raised its holdings in 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 acquiring an additional 1,884,044 shares during the last quarter. CoreView Capital Management Ltd lifted its position in Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company's stock worth $277,905,000 after buying an additional 639,000 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Trip.com Group by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company's stock worth $205,678,000 after buying an additional 34,586 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Trip.com Group by 557.8% in the 3rd 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. Finally, Aspex Management HK Ltd purchased a new position in shares of Trip.com Group during the 3rd quarter worth $128,962,000. 35.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on TCOM. Citigroup boosted 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. JPMorgan Chase & Co. decreased their price target on 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. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. One 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 company. Based on data from MarketBeat.com, Trip.com Group presently has an average rating of "Buy" and an average target price of $77.08.
View Our Latest Research Report on TCOM
Trip.com Group Stock Down 2.9 %
Shares of NASDAQ TCOM traded down $1.86 during midday trading on Thursday, hitting $61.72. 1,418,183 shares of the company's stock were exchanged, compared to its average volume of 3,909,382. The firm's fifty day simple moving average is $65.44 and its 200-day simple moving average is $64.74. The company has a market cap of $39.75 billion, a PE ratio of 18.48, a P/E/G ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.
Trip.com Group Announces Dividend
The company also recently announced a -- dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's payout ratio is 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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