Trip.com Group Limited (NASDAQ:TCOM) Stake Boosted by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC grew its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 40.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,956 shares of the company's stock after acquiring an additional 8,311 shares during the period. Lord Abbett & CO. LLC's holdings in Trip.com Group were worth $1,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in Trip.com Group during the 4th quarter valued at approximately $25,000. National Bank of Canada FI grew its position in Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after acquiring an additional 321 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. grew its position in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after buying an additional 169 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after purchasing an additional 510 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Performance

Shares of Trip.com Group stock traded down $0.34 during trading on Wednesday, hitting $58.99. 2,130,794 shares of the stock were exchanged, compared to its average volume of 4,061,951. The stock's fifty day moving average is $59.82 and its 200 day moving average is $64.47. The stock has a market cap of $37.99 billion, a PE ratio of 17.66, a P/E/G ratio of 0.67 and a beta of 0.12. 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 12 month low of $38.23 and a 12 month high of $77.18.

Trip.com Group Dividend Announcement

The business also recently announced a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio is presently 8.02%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TCOM shares. Citigroup upped their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective 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. Finally, StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $77.08.

Trip.com Group 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.