The Manufacturers Life Insurance Company Acquires 4,330 Shares of Trip.com Group Limited (NASDAQ:TCOM)

The Manufacturers Life Insurance Company grew its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,924 shares of the company's stock after purchasing an additional 4,330 shares during the period. The Manufacturers Life Insurance Company's holdings in Trip.com Group were worth $8,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brooklyn Investment Group bought a new stake in Trip.com Group in the 4th quarter valued at $25,000. National Bank of Canada FI raised its position in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares during the period. Rakuten Securities Inc. lifted its stake in shares of Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Trip.com Group by 46.8% during 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 period. Finally, Farther Finance Advisors LLC grew its stake in Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after buying an additional 510 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Down 0.2 %

Shares of TCOM stock traded down $0.14 on Thursday, reaching $61.98. 1,917,304 shares of the company were exchanged, compared to its average volume of 4,035,991. The company has a 50-day moving average of $59.92 and a 200-day moving average of $64.46. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 0.67 and a beta of 0.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. 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 firm also recently disclosed 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 8.02%.

Analyst Ratings Changes

Several analysts have weighed in on TCOM shares. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on 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. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $77.08.

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.