Trip.com Group Limited (NASDAQ:TCOM) Holdings Increased by Whittier Trust Co.

Whittier Trust Co. boosted its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 54.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,393 shares of the company's stock after buying an additional 10,412 shares during the quarter. Whittier Trust Co.'s holdings in Trip.com Group were worth $2,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. abrdn plc increased its stake in shares of Trip.com Group by 0.5% in the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after buying an additional 150 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 worth $36,000 after acquiring an additional 169 shares in the last quarter. Rhumbline Advisers increased its position in shares of Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after purchasing an additional 184 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Trip.com Group by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock valued at $875,000 after purchasing an additional 244 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Trip.com Group by 6.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company's stock worth $272,000 after purchasing an additional 250 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on TCOM. Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Citigroup lifted their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. One investment 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 data from MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and an average price target of $77.08.

Trip.com Group Stock Performance

Trip.com Group stock traded down $0.56 during midday trading on Wednesday, reaching $63.11. 2,237,162 shares of the stock traded hands, compared to its average volume of 3,873,211. The firm has a fifty day moving average price of $65.83 and a two-hundred day moving average price of $64.18. 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 cap of $40.65 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 0.67 and a beta of 0.38. 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 announced a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid 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%.

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.