Wasatch Advisors LP grew its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 48.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,831,057 shares of the company's stock after acquiring an additional 597,067 shares during the period. Wasatch Advisors LP owned about 0.28% of Trip.com Group worth $125,720,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp lifted its stake in shares of Trip.com Group by 18.4% in the third quarter. Stifel Financial Corp now owns 17,200 shares of the company's stock worth $1,022,000 after acquiring an additional 2,678 shares in the last quarter. MML Investors Services LLC increased its holdings in Trip.com Group by 12.3% during the 3rd quarter. MML Investors Services LLC now owns 14,126 shares of the company's stock worth $839,000 after purchasing an additional 1,546 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Trip.com Group in the 3rd quarter valued at approximately $224,000. Geode Capital Management LLC boosted its stake in shares of Trip.com Group by 20.5% during the 3rd quarter. Geode Capital Management LLC now owns 317,894 shares of the company's stock valued at $18,892,000 after buying an additional 54,072 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Trip.com Group during the third quarter worth approximately $385,000. Institutional investors and hedge funds own 35.41% of the company's stock.
Trip.com Group Stock Down 1.3 %
Shares of Trip.com Group stock traded down $0.70 on Friday, hitting $54.85. 6,300,746 shares of the company traded hands, compared to its average volume of 4,063,801. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The company has a 50-day moving average price of $61.28 and a 200 day moving average price of $64.83. 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 market cap of $35.33 billion, a PE ratio of 16.42, a PEG ratio of 0.67 and a beta of 0.12.
Trip.com Group Dividend Announcement
The firm also recently disclosed a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's payout ratio is presently 8.02%.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Citigroup lifted their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. Finally, StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. One equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $77.08.
Check Out Our Latest Report on TCOM
Trip.com Group Company Profile
(
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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