Connor Clark & Lunn Investment Management Ltd. grew its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 114.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 797,786 shares of the company's stock after purchasing an additional 425,766 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.12% of Trip.com Group worth $54,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in TCOM. GSA Capital Partners LLP purchased a new position in Trip.com Group during the 3rd quarter valued at approximately $384,000. LMR Partners LLP bought a new stake in Trip.com Group during the third quarter worth approximately $18,435,000. Headwater Capital Co Ltd purchased a new stake in Trip.com Group during the fourth quarter valued at approximately $13,732,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Trip.com Group by 85.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company's stock valued at $23,478,000 after purchasing an additional 182,403 shares during the last quarter. Finally, WT Asset Management Ltd increased its position in shares of Trip.com Group by 92.3% during the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after purchasing an additional 21,316 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.
Trip.com Group Price Performance
Shares of TCOM stock traded up $1.23 during trading hours on Friday, reaching $62.03. The company had a trading volume of 2,490,123 shares, compared to its average volume of 3,868,120. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The company has a market capitalization of $39.95 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.67 and a beta of 0.38. The stock has a fifty day moving average of $65.74 and a 200-day moving average of $63.18. 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 Announces Dividend
The company also recently declared a -- dividend, which will be paid on Friday, April 4th. Stockholders 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 presently 8.02%.
Wall Street Analysts Forecast Growth
TCOM has been the topic of a number of recent analyst reports. Benchmark reissued a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. TD Cowen upped their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Hsbc Global Res upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. HSBC raised shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $77.08.
View Our Latest Analysis on TCOM
Trip.com Group 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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