Massachusetts Financial Services Co. MA Raises Stake in Trip.com Group Limited (NASDAQ:TCOM)

Massachusetts Financial Services Co. MA raised its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 17.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 465,468 shares of the company's stock after acquiring an additional 70,414 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.07% of Trip.com Group worth $31,959,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after purchasing an additional 2,101,937 shares during the period. Norges Bank purchased a new position in Trip.com Group in the fourth quarter worth $67,473,000. Amundi lifted its holdings in Trip.com Group by 203.2% in the fourth quarter. Amundi now owns 996,123 shares of the company's stock valued at $64,648,000 after acquiring an additional 667,589 shares during the period. Victory Capital Management Inc. boosted its position in shares of Trip.com Group by 5,490.3% during the 4th quarter. Victory Capital Management Inc. now owns 614,089 shares of the company's stock worth $42,163,000 after purchasing an additional 603,104 shares in the last quarter. Finally, Trivest Advisors Ltd grew its stake in shares of Trip.com Group by 56.5% during the 4th quarter. Trivest Advisors Ltd now owns 1,657,000 shares of the company's stock worth $113,770,000 after purchasing an additional 598,000 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TCOM shares. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. Citigroup boosted their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Finally, StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Trading Up 1.0 %

Shares of TCOM stock traded up $0.54 during mid-day trading on Friday, hitting $54.73. 5,569,475 shares of the company's stock were exchanged, compared to its average volume of 4,023,139. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a market cap of $35.25 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 0.67 and a beta of 0.12. The stock has a 50-day simple moving average of $62.52 and a two-hundred day simple moving average of $65.02. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.

Trip.com Group Dividend Announcement

The business 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 payout ratio is 8.02%.

About Trip.com Group

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.