Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 92.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,364,985 shares of the company's stock after buying an additional 2,101,937 shares during the period. Wellington Management Group LLP owned 0.68% of Trip.com Group worth $299,700,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TCOM. Headwater Capital Co Ltd acquired a new position in Trip.com Group in the 4th quarter valued at $13,732,000. WT Asset Management Ltd boosted its holdings in shares of Trip.com Group by 92.3% in the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after acquiring an additional 21,316 shares in the last quarter. BOCHK Asset Management Ltd raised its holdings in Trip.com Group by 85.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock worth $893,000 after purchasing an additional 6,000 shares in the last quarter. Capital Advisory Group Advisory Services LLC acquired a new stake in Trip.com Group in the fourth quarter valued at about $381,000. Finally, Flow Traders U.S. LLC purchased a new stake in Trip.com Group in the 3rd quarter valued at approximately $922,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Price Performance

TCOM traded down $5.31 during midday trading on Friday, reaching $55.89. 7,866,859 shares of the company's stock were exchanged, compared to its average volume of 3,942,024. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The stock has a market capitalization of $36.00 billion, a PE ratio of 16.73, a P/E/G ratio of 0.67 and a beta of 0.12. 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 business's 50-day moving average price is $64.99 and its 200 day moving average price is $65.04.

Trip.com Group Dividend Announcement

The business also recently announced a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's payout ratio is currently 8.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup increased 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. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target 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.