Quantinno Capital Management LP Boosts Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Quantinno Capital Management LP boosted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,821 shares of the company's stock after acquiring an additional 4,648 shares during the quarter. Quantinno Capital Management LP's holdings in Trip.com Group were worth $1,224,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. WT Asset Management Ltd boosted its holdings in Trip.com Group by 92.3% during the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after acquiring an additional 21,316 shares during the period. Baird Financial Group Inc. purchased a new stake in shares of Trip.com Group in the 4th quarter worth $382,000. BOCHK Asset Management Ltd lifted its holdings in shares of Trip.com Group by 85.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock worth $893,000 after buying an additional 6,000 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Trip.com Group in the 4th quarter worth $4,192,000. Finally, Capital Advisory Group Advisory Services LLC purchased a new stake in shares of Trip.com Group in the 4th quarter worth $381,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Down 1.9%

Shares of NASDAQ TCOM opened at $61.06 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $39.89 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The business has a fifty day moving average price of $60.29 and a 200 day moving average price of $64.50.

Trip.com Group Announces Dividend

The firm 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 of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 8.02%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TCOM. TD Securities upped their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. lowered their target price 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. Bank of America upped their target price on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, Mizuho upgraded Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned 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 target price of $77.25.

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.

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