Trip.com Group (NASDAQ:TCOM) Stock Price Up 5.8% - Here's Why

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report)'s share price shot up 5.8% on Monday . The stock traded as high as $65.00 and last traded at $65.36. 1,679,265 shares were traded during trading, a decline of 57% from the average session volume of 3,861,031 shares. The stock had previously closed at $61.75.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on 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. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Citigroup raised their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Finally, StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $77.08.

Trip.com Group Stock Performance

The firm has a market cap of $41.37 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 0.67 and a beta of 0.38. 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 company has a 50 day moving average of $65.82 and a 200 day moving average of $63.60.

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Trip.com Group Dividend Announcement

The firm also recently disclosed 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 is Monday, March 17th. Trip.com Group's dividend payout ratio is presently 8.02%.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in Trip.com Group in the 4th quarter worth about $25,000. National Bank of Canada FI lifted its stake in Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after acquiring an additional 321 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. boosted its stake 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. Finally, RPg Family Wealth Advisory LLC acquired a new position in Trip.com Group during the third quarter valued at approximately $38,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Company 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.