Fullerton Fund Management Co Ltd. Makes New $4.59 Million Investment in Trip.com Group Limited (NASDAQ:TCOM)

Fullerton Fund Management Co Ltd. bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 66,914 shares of the company's stock, valued at approximately $4,594,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC grew its holdings 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 purchasing an additional 13,964,875 shares during the period. Schroder Investment Management Group lifted its position in shares of Trip.com Group by 2.1% during the 4th quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock valued at $700,115,000 after buying an additional 213,381 shares in the last quarter. Sanders Capital LLC grew its stake in Trip.com Group by 1.4% in the 4th quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock valued at $665,854,000 after acquiring an additional 131,443 shares during the period. FIL Ltd increased its holdings in Trip.com Group by 8.8% in the 4th quarter. FIL Ltd now owns 8,453,025 shares of the company's stock worth $580,385,000 after acquiring an additional 684,364 shares in the last quarter. Finally, Capital International Investors raised its position in Trip.com Group by 0.7% during the fourth quarter. Capital International Investors now owns 8,079,203 shares of the company's stock worth $554,717,000 after acquiring an additional 53,784 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of research reports. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered 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. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $77.08.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $61.43 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The business's 50 day moving average price is $59.97 and its 200 day moving average price is $64.47. The company has a market cap of $40.13 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18.

Trip.com Group Announces Dividend

The company also recently declared 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 of this dividend was Monday, March 17th. Trip.com Group's payout ratio is 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.

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