Wellington Management Group LLP Buys 2,101,937 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Wellington Management Group LLP grew its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 92.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,364,985 shares of the company's stock after purchasing an additional 2,101,937 shares during the period. Wellington Management Group LLP owned approximately 0.68% of Trip.com Group worth $299,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TCOM. abrdn plc lifted its stake in Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after purchasing an additional 150 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after acquiring an additional 169 shares during the last quarter. Rhumbline Advisers boosted its holdings 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 valued at $825,000 after acquiring an additional 184 shares in the last quarter. Blair William & Co. IL grew its position in 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 during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Trip.com Group by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

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Analysts Set New Price Targets

TCOM has been the topic of several research reports. Citigroup boosted their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Benchmark reissued a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut 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 report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group has a consensus rating of "Buy" and an average price target of $77.08.

Trip.com Group Trading Down 8.7 %

TCOM traded down $5.31 during trading on Friday, reaching $55.89. 7,866,859 shares of the stock traded hands, compared to its average volume of 3,931,820. 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 stock's 50-day moving average is $65.30 and its 200 day moving average is $64.72. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The stock has a market capitalization of $36.00 billion, a PE ratio of 16.73, a P/E/G ratio of 0.67 and a beta of 0.12.

Trip.com Group Dividend Announcement

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 is Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 8.02%.

About Trip.com Group

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.