Renaissance Technologies LLC Purchases 94,200 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Renaissance Technologies LLC grew its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 848,312 shares of the company’s stock after purchasing an additional 94,200 shares during the period. Renaissance Technologies LLC owned approximately 0.13% of Trip.com Group worth $58,245,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP increased its stake in Trip.com Group by 27.6% in the 3rd quarter. Quantinno Capital Management LP now owns 13,173 shares of the company’s stock worth $783,000 after acquiring an additional 2,853 shares during the last quarter. Stifel Financial Corp increased its position in shares of Trip.com Group by 18.4% in the third quarter. Stifel Financial Corp now owns 17,200 shares of the company’s stock worth $1,022,000 after purchasing an additional 2,678 shares during the last quarter. XTX Topco Ltd raised its stake in Trip.com Group by 53.8% in the third quarter. XTX Topco Ltd now owns 16,612 shares of the company’s stock valued at $987,000 after purchasing an additional 5,813 shares in the last quarter. MML Investors Services LLC lifted its position in Trip.com Group by 12.3% during the third quarter. MML Investors Services LLC now owns 14,126 shares of the company’s stock valued at $839,000 after purchasing an additional 1,546 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in Trip.com Group in the 3rd quarter worth approximately $224,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $54.79 on Thursday. The company’s fifty day simple moving average is $63.21 and its two-hundred day simple moving average is $64.98. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The firm has a market cap of $35.29 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. 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 Announces Dividend

The firm also recently declared a — dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group’s dividend payout ratio is presently 8.02%.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several research reports. Benchmark reaffirmed a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Citigroup lifted their price target 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. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average 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.