Price T Rowe Associates Inc. MD Acquires 1,422,786 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Price T Rowe Associates Inc. MD grew its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 16,640.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,431,336 shares of the company's stock after purchasing an additional 1,422,786 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.22% of Trip.com Group worth $98,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. abrdn plc lifted its position in Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after acquiring an additional 150 shares in the last quarter. Principal Securities Inc. raised its stake in shares of 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 purchasing an additional 169 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock valued at $825,000 after purchasing an additional 184 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Trip.com Group by 4.3% during the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after buying an additional 219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Trip.com Group by 2.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after buying an additional 244 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on TCOM. JPMorgan Chase & Co. cut their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Benchmark restated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Citigroup boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Stock Performance

NASDAQ TCOM traded down $0.34 on Wednesday, hitting $58.99. 2,130,794 shares of the stock traded hands, compared to its average volume of 4,061,951. The firm has a market capitalization of $37.99 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.67 and a beta of 0.12. The business's fifty day moving average is $59.82 and its two-hundred day moving average is $64.47. 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 company also recently disclosed a -- dividend, which was paid on Friday, April 4th. Investors 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 dividend payout ratio (DPR) is currently 8.02%.

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.