Tairen Capital Ltd purchased a new position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,900 shares of the company's stock, valued at approximately $268,000.
Other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in Trip.com Group in the fourth quarter worth approximately $25,000. National Bank of Canada FI lifted its stake in Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after acquiring an additional 321 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after acquiring an additional 449 shares during the last quarter. Principal Securities Inc. lifted its stake in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after acquiring an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Performance
Shares of Trip.com Group stock traded up $1.27 during trading on Friday, reaching $62.33. The company's stock had a trading volume of 3,004,365 shares, compared to its average volume of 3,990,027. The company has a 50-day moving average price of $60.21 and a two-hundred day moving average price of $64.46. The firm has a market cap of $40.72 billion, a PE ratio of 18.66, a P/E/G ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. 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 Announces Dividend
The firm also recently announced a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's payout ratio is 8.02%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Bank of America boosted their price objective 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 restated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Finally, TD Securities boosted their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday. 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 company. According to data from MarketBeat, Trip.com Group presently has a consensus rating of "Buy" and an average target price of $77.25.
Check Out Our Latest Stock Report on TCOM
Trip.com Group Company Profile
(
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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