61,055 Shares in Trip.com Group Limited (NASDAQ:TCOM) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 61,055 shares of the company's stock, valued at approximately $4,192,000.

A number of other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Trip.com Group in the fourth quarter valued at about $25,000. National Bank of Canada FI boosted its stake in shares of Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after buying an additional 321 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after acquiring an additional 449 shares in the last quarter. Principal Securities Inc. raised its holdings in Trip.com Group by 46.8% during 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. Finally, Farther Finance Advisors LLC boosted its position in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after purchasing an additional 510 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

TCOM stock traded up $0.69 during trading hours on Thursday, hitting $59.68. 732,469 shares of the stock were exchanged, compared to its average volume of 4,049,098. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $59.66 and a two-hundred day simple moving average of $64.43. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The firm has a market capitalization of $38.44 billion, a P/E ratio of 17.86, a P/E/G ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

The firm also recently announced a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's payout ratio is presently 8.02%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TCOM shares. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Citigroup increased their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Benchmark reaffirmed a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $77.08.

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.