Wahed Invest LLC Buys New Position in Trip.com Group Limited (NASDAQ:TCOM)

Wahed Invest LLC bought a new position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,842 shares of the company's stock, valued at approximately $538,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock valued at $1,722,587,000 after acquiring an additional 13,964,875 shares during the period. Wellington Management Group LLP raised its holdings in shares of Trip.com Group by 92.9% during the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after purchasing an additional 2,101,937 shares during the period. Voya Investment Management LLC boosted its position in shares of Trip.com Group by 751.8% during the 4th quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock worth $144,649,000 after purchasing an additional 1,859,401 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Trip.com Group by 16,640.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company's stock valued at $98,277,000 after buying an additional 1,422,786 shares during the period. Finally, Norges Bank bought a new stake in Trip.com Group in the 4th quarter valued at about $67,473,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Up 1.3 %

Trip.com Group stock opened at $60.17 on Friday. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The firm's 50-day simple moving average is $59.61 and its 200 day simple moving average is $64.42. The stock has a market cap of $38.75 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

The firm also recently announced 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 of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio is presently 8.02%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TCOM. JPMorgan Chase & Co. reduced their price objective 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. Citigroup lifted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. 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. Based on data from MarketBeat, the stock presently 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.

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