BNP Paribas Financial Markets Makes New Investment in Trip.com Group Limited (NASDAQ:TCOM)

BNP Paribas Financial Markets acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 63,058 shares of the company's stock, valued at approximately $4,330,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Alyeska Investment Group L.P. acquired a new position in Trip.com Group during the fourth quarter worth $12,016,000. AXA S.A. lifted its stake in shares of Trip.com Group by 0.7% in the fourth quarter. AXA S.A. now owns 355,799 shares of the company's stock valued at $24,429,000 after purchasing an additional 2,615 shares during the period. Wahed Invest LLC purchased a new stake in Trip.com Group during the fourth quarter worth about $538,000. Mercer Global Advisors Inc. ADV grew its position in Trip.com Group by 7.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,072 shares of the company's stock worth $486,000 after buying an additional 464 shares during the period. Finally, AdvisorShares Investments LLC grew its position in Trip.com Group by 143.7% during the fourth quarter. AdvisorShares Investments LLC now owns 9,496 shares of the company's stock worth $652,000 after buying an additional 5,600 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday. Finally, StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $78.53.

Trip.com Group Trading Down 5.8%

TCOM traded down $3.89 during trading on Tuesday, hitting $63.21. 2,476,554 shares of the company's stock were exchanged, compared to its average volume of 4,007,111. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The stock has a 50 day moving average price of $60.34 and a 200 day moving average price of $64.57. The firm has a market cap of $41.29 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Dividend Announcement

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

Trip.com Group Company 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.