MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 97,489 shares of the company's stock after selling 6,299 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Trip.com Group were worth $6,694,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in TCOM. Ritholtz Wealth Management grew its holdings in Trip.com Group by 39.7% in the 4th quarter. Ritholtz Wealth Management now owns 19,160 shares of the company's stock worth $1,316,000 after acquiring an additional 5,445 shares during the last quarter. Brooklyn Investment Group bought a new stake in Trip.com Group in the 4th quarter worth $25,000. Aaron Wealth Advisors LLC bought a new stake in Trip.com Group in the 4th quarter worth $232,000. Diversify Wealth Management LLC bought a new stake in Trip.com Group in the 4th quarter worth $575,000. Finally, Atomi Financial Group Inc. grew its holdings in Trip.com Group by 10.2% in the 4th quarter. Atomi Financial Group Inc. now owns 7,575 shares of the company's stock worth $520,000 after acquiring an additional 703 shares during the last quarter. Institutional investors own 35.41% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on TCOM shares. Wall Street Zen cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Bank of America raised their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday. Benchmark reaffirmed a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Trip.com Group has an average rating of "Buy" and a consensus price target of $77.25.
Get Our Latest Analysis on Trip.com Group
Trip.com Group Stock Up 2.1%
NASDAQ TCOM traded up $1.27 during trading hours on Friday, reaching $62.33. 3,004,365 shares of the company's stock traded hands, compared to its average volume of 3,990,027. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The firm has a market cap of $40.72 billion, a PE ratio of 18.66, a PEG ratio of 0.67 and a beta of 0.08. The firm has a 50-day simple moving average of $60.21 and a 200 day simple moving average of $64.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.
Trip.com Group Announces Dividend
The firm also recently declared a -- dividend, which was paid on Friday, April 4th. Investors 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 dividend payout ratio (DPR) is currently 8.02%.
Trip.com Group Profile
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Free Report)
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.
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