JARISLOWSKY FRASER Ltd decreased its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,222 shares of the company's stock after selling 19,249 shares during the quarter. JARISLOWSKY FRASER Ltd's holdings in Trip.com Group were worth $9,353,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in TCOM. abrdn plc lifted its holdings in Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after purchasing an additional 150 shares during the last quarter. Principal Securities Inc. lifted its holdings 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 buying an additional 169 shares in 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 worth $825,000 after buying an additional 184 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Trip.com Group by 4.3% in the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after acquiring an additional 219 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake 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 valued at $875,000 after acquiring an additional 244 shares in the last quarter. Institutional investors own 35.41% of the company's stock.
Analysts Set New Price Targets
TCOM has been the topic of a number of analyst reports. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. JPMorgan Chase & Co. decreased their target price 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. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $78.53.
Check Out Our Latest Stock Report on TCOM
Trip.com Group Price Performance
Shares of NASDAQ:TCOM traded up $0.14 during trading on Wednesday, reaching $66.38. The company had a trading volume of 2,287,416 shares, compared to its average volume of 4,013,328. The company has a fifty day moving average of $60.10 and a two-hundred day moving average of $64.56. The stock has a market capitalization of $43.36 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.
Trip.com Group Dividend Announcement
The business also recently declared a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's payout ratio is 8.02%.
Trip.com Group Profile
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Free Report)
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.
Further Reading
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