Victory Capital Management Inc. Grows Position in Trip.com Group Limited (NASDAQ:TCOM)

Victory Capital Management Inc. grew its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 5,490.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 614,089 shares of the company's stock after acquiring an additional 603,104 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of Trip.com Group worth $42,163,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. NINE MASTS CAPITAL Ltd raised its stake in Trip.com Group by 455.6% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 19,445 shares of the company's stock worth $1,352,000 after purchasing an additional 15,945 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Trip.com Group during the 4th quarter worth approximately $94,000. Smartleaf Asset Management LLC increased its stake in 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 acquiring an additional 250 shares during the last quarter. US Bancorp DE raised its position in Trip.com Group by 8.5% in the fourth quarter. US Bancorp DE now owns 42,132 shares of the company's stock valued at $2,893,000 after purchasing an additional 3,308 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Trip.com Group by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company's stock worth $205,678,000 after purchasing an additional 34,586 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Citigroup raised their target price on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Barclays boosted their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Finally, HSBC raised shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Stock Up 0.5 %

NASDAQ TCOM traded up $0.31 on Friday, hitting $63.83. 7,695,577 shares of the stock were exchanged, compared to its average volume of 3,859,291. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a 50-day moving average price of $66.34 and a 200-day moving average price of $62.53. The company has a market cap of $41.11 billion, a PE ratio of 19.11, 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.

Trip.com Group Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio is presently 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.