Ethic Inc. Purchases 11,564 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Ethic Inc. lifted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 48.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,452 shares of the company's stock after purchasing an additional 11,564 shares during the quarter. Ethic Inc.'s holdings in Trip.com Group were worth $2,434,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in Trip.com Group by 125.5% in the fourth quarter. FMR LLC now owns 25,088,658 shares of the company's stock valued at $1,722,587,000 after acquiring an additional 13,964,875 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Trip.com Group by 1,925.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock valued at $205,057,000 after acquiring an additional 2,839,142 shares during the last quarter. Wellington Management Group LLP increased its stake in Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after acquiring an additional 2,101,937 shares during the last quarter. Voya Investment Management LLC increased its stake in Trip.com Group by 751.8% in the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock valued at $144,649,000 after acquiring an additional 1,859,401 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Trip.com Group by 16,640.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company's stock valued at $98,277,000 after acquiring an additional 1,422,786 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. JPMorgan Chase & Co. cut their target price 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. Benchmark restated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $78.53.

Trip.com Group Trading Down 0.8%

Shares of NASDAQ:TCOM traded down $0.54 during mid-day trading on Friday, reaching $64.97. 2,852,290 shares of the company's stock were exchanged, compared to its average volume of 4,010,485. The firm has a market capitalization of $42.44 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 0.67 and a beta of 0.08. The business's fifty day moving average price is $60.24 and its 200-day moving average price is $64.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18.

Trip.com Group Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date was 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.