Daiwa Securities Group Inc. Sells 482 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Daiwa Securities Group Inc. lowered its position in Trip.com Group Limited (NASDAQ:TCOM) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,305 shares of the company’s stock after selling 482 shares during the period. Daiwa Securities Group Inc.’s holdings in Trip.com Group were worth $1,600,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in Trip.com Group in the fourth quarter worth $25,000. Principal Securities Inc. boosted its position in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group during the 3rd quarter worth $38,000. SBI Securities Co. Ltd. acquired a new position in Trip.com Group during the 4th quarter valued at about $94,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Trip.com Group in the fourth quarter valued at about $121,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $62.03 on Friday. The firm’s fifty day moving average is $65.74 and its two-hundred day moving average is $63.06. The firm has a market cap of $39.95 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.67 and a beta of 0.38. 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 one year low of $38.23 and a one year high of $77.18.

Trip.com Group Announces Dividend

The business 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 is Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 8.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. 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 note on Tuesday, November 19th. Barclays boosted their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report 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 objective on the stock in a report on Tuesday, November 19th. Finally, Macquarie raised their target price 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. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Trip.com Group currently has an average rating of “Buy” and a consensus target price 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.