Trip.com Group (NASDAQ:TCOM) Upgraded at StockNews.com

StockNews.com upgraded shares of Trip.com Group (NASDAQ:TCOM - Free Report) from a hold rating to a buy rating in a research note released on Friday morning.

A number of other research analysts also recently weighed in on the stock. 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 report on Thursday, February 27th. Citigroup increased their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, 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. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $77.08.

Trip.com Group Stock Up 3.2 %

Trip.com Group stock traded up $1.84 during mid-day trading on Friday, reaching $58.71. The stock had a trading volume of 3,744,226 shares, compared to its average volume of 4,071,559. The company has a market capitalization of $37.81 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 0.67 and a beta of 0.12. 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 has a one year low of $38.23 and a one year high of $77.18. The company has a 50-day moving average price of $60.77 and a two-hundred day moving average price of $64.68.

Trip.com Group Announces Dividend

The firm also recently announced a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 8.02%.

Hedge Funds Weigh In On Trip.com Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new position in Trip.com Group in the fourth quarter worth about $25,000. National Bank of Canada FI raised its stake in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after acquiring an additional 321 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of Trip.com Group by 1,496.7% in 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 last quarter. Principal Securities Inc. grew its holdings in 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. Finally, Farther Finance Advisors LLC boosted its position in shares of Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after buying an additional 510 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.