Trip.com Group Limited (NASDAQ:TCOM) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,963 shares of the company’s stock after acquiring an additional 250 shares during the period. Smartleaf Asset Management LLC’s holdings in Trip.com Group were worth $272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Trip.com Group in the 3rd quarter valued at $384,000. LMR Partners LLP purchased a new position in Trip.com Group in the third quarter valued at about $18,435,000. Headwater Capital Co Ltd acquired a new position in shares of Trip.com Group during the fourth quarter worth about $13,732,000. Massachusetts Financial Services Co. MA boosted its position in shares of Trip.com Group by 85.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock worth $23,478,000 after buying an additional 182,403 shares during the period. Finally, WT Asset Management Ltd grew its stake 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 buying an additional 21,316 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TCOM shares. TD Cowen boosted their price target on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. decreased their target price 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. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday, November 19th. Barclays upped their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Up 7.8 %

Shares of Trip.com Group stock opened at $64.01 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $66.66 and a 200 day moving average price of $62.23. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a market cap of $41.23 billion, a P/E ratio of 19.16, a P/E/G ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 8.02%.

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.