Prudential Financial Inc. raised its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,200 shares of the company's stock after buying an additional 10,471 shares during the period. Prudential Financial Inc.'s holdings in Trip.com Group were worth $7,360,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of Trip.com Group during the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. grew its stake 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 in the last quarter. Principal Securities Inc. raised its holdings in shares of Trip.com Group by 46.8% in the fourth 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. Farther Finance Advisors LLC boosted its holdings in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after purchasing an additional 510 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Trip.com Group during the fourth quarter worth about $94,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Citigroup upped their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Trip.com Group has a consensus rating of "Buy" and an average price target of $77.08.
Check Out Our Latest Analysis on TCOM
Trip.com Group Stock Performance
Shares of Trip.com Group stock traded down $0.41 during trading hours on Tuesday, reaching $63.17. The company had a trading volume of 2,728,005 shares, compared to its average volume of 3,944,610. The firm has a market cap of $40.69 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a one year low of $38.23 and a one year 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. The business has a fifty day simple moving average of $65.62 and a 200 day simple moving average of $64.64.
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 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%.
About Trip.com Group
(
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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