Trip.com Group Limited (NASDAQ:TCOM) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 114.4% during the fourth quarter, HoldingsChannel reports. The firm owned 797,786 shares of the company’s stock after purchasing an additional 425,766 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Trip.com Group were worth $54,776,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. abrdn plc grew its holdings in Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after buying an additional 150 shares during the period. Principal Securities Inc. boosted its position 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 acquiring an additional 169 shares during the last quarter. Rhumbline Advisers grew its holdings in Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock valued at $825,000 after purchasing an additional 184 shares during the period. Sequoia Financial Advisors LLC increased its position 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 worth $875,000 after purchasing an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Trip.com Group by 6.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company’s stock worth $272,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

TCOM stock opened at $61.62 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The firm has a market cap of $39.69 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The stock has a 50-day simple moving average of $65.93 and a 200-day simple moving average of $62.93.

Trip.com Group Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is currently 8.02%.

Analysts Set New Price Targets

Several analysts have recently issued reports on TCOM shares. JPMorgan Chase & Co. lowered 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. Macquarie upped their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Barclays upped their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, TD Cowen upped their price target on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One 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’s stock. According to data from MarketBeat.com, Trip.com Group presently has an average rating of “Buy” and an average price target of $77.08.

Trip.com Group 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.