Shares of Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) traded up 5.9% on Monday after the company announced a dividend. The company traded as high as $60.15 and last traded at $60.00. 1,528,305 shares were traded during mid-day trading, a decline of 58% from the average session volume of 3,641,970 shares. The stock had previously closed at $56.68.
The newly announced dividend which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio is presently 8.02%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. HSBC raised Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. Hsbc Global Res raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Macquarie increased their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. decreased their target price on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Trip.com Group presently has an average rating of "Buy" and a consensus price target of $77.08.
View Our Latest Stock Analysis on Trip.com Group
Trip.com Group Stock Up 0.5 %
The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $41.11 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The business has a 50-day simple moving average of $66.34 and a 200-day simple moving average of $62.38.
Institutional Investors Weigh In On Trip.com Group
Several hedge funds and other institutional investors have recently made changes to their positions in the business. abrdn plc raised its position in shares of Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after acquiring an additional 150 shares in the last quarter. Principal Securities Inc. raised its position in shares of 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 raised its position in shares of Trip.com Group by 1.6% during the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after acquiring an additional 184 shares in the last quarter. Blair William & Co. IL raised its position in shares of Trip.com Group by 4.3% during the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock worth $367,000 after acquiring an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Trip.com Group by 2.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after acquiring an additional 244 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.
Trip.com Group Company Profile
(
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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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