Baird Financial Group Inc. Acquires Shares of 5,567 Trip.com Group Limited (NASDAQ:TCOM)

Baird Financial Group Inc. bought a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,567 shares of the company's stock, valued at approximately $382,000.

Other institutional investors also recently modified their holdings of the company. abrdn plc raised its stake in 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 buying an additional 150 shares during the period. Principal Securities Inc. increased its holdings in shares of Trip.com Group by 46.8% in the fourth 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 fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after purchasing an additional 184 shares during the period. Blair William & Co. IL lifted its holdings 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 valued at $367,000 after purchasing an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Trip.com Group by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock valued at $875,000 after purchasing an additional 244 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on TCOM shares. TD Securities lifted their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Benchmark restated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective 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. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Stock Down 1.0%

Shares of NASDAQ:TCOM traded down $0.62 during midday trading on Thursday, hitting $61.63. The stock had a trading volume of 562,393 shares, compared to its average volume of 4,000,682. The company has a market cap of $40.26 billion, a P/E ratio of 18.46, a PEG ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The business's 50-day simple moving average is $60.40 and its 200-day simple moving average is $64.55. 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 Dividend Announcement

The company also recently declared a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio is currently 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.