US Bancorp DE Has $2.89 Million Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

US Bancorp DE increased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,132 shares of the company’s stock after purchasing an additional 3,308 shares during the period. US Bancorp DE’s holdings in Trip.com Group were worth $2,893,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC grew its stake in Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the period. Sanders Capital LLC grew its stake in Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after acquiring an additional 2,462,767 shares during the period. ARGA Investment Management LP grew its stake in Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after acquiring an additional 1,884,044 shares during the period. Cantillon Capital Management LLC grew its stake in Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after acquiring an additional 629,508 shares during the period. Finally, CoreView Capital Management Ltd grew its stake in Trip.com Group by 15.8% in the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after acquiring an additional 639,000 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

TCOM has been the subject of a number of research reports. 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 raised their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Benchmark reissued a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. Mizuho raised their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Macquarie raised their price objective on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Stock Down 0.8 %

Shares of NASDAQ:TCOM opened at $63.52 on Friday. The stock has a market cap of $40.91 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 0.67 and a beta of 0.38. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The business’s 50 day moving average is $66.47 and its 200 day moving average is $62.24.

Trip.com Group Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued 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 (DPR) 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.