DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Purchases 2,839,142 Shares of Trip.com Group Limited (NASDAQ:TCOM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 1,925.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,986,561 shares of the company's stock after purchasing an additional 2,839,142 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.46% of Trip.com Group worth $205,057,000 at the end of the most recent quarter.

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

Trip.com Group Trading Up 6.6%

NASDAQ TCOM traded up $4.07 on Monday, hitting $65.52. 3,281,031 shares of the company were exchanged, compared to its average volume of 4,026,566. The company's 50 day moving average price is $59.97 and its 200-day moving average price is $64.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $42.80 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18.

Trip.com Group Announces Dividend

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

Wall Street Analyst Weigh In

TCOM has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped 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 research note on Thursday, February 27th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, 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. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and an average target price of $77.08.

About Trip.com Group

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.