Rhumbline Advisers Raises Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Rhumbline Advisers lifted its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,014 shares of the company’s stock after buying an additional 184 shares during the period. Rhumbline Advisers’ holdings in Trip.com Group were worth $825,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TCOM. FMR LLC lifted its stake in shares of Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after purchasing an additional 2,749,365 shares during the last quarter. Sanders Capital LLC lifted its position 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 worth $568,531,000 after buying an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP boosted its stake in Trip.com Group by 46.9% during the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after buying an additional 1,884,044 shares during the period. Cantillon Capital Management LLC increased its position in Trip.com Group by 14.9% during 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 last quarter. Finally, CoreView Capital Management Ltd increased its position in Trip.com Group by 15.8% during 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 last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Mizuho lifted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Macquarie upped their target price 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. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Tuesday, November 19th. Citigroup boosted their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Price Performance

TCOM opened at $63.52 on Friday. The firm has a market capitalization of $40.91 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The business’s 50-day moving average is $66.47 and its two-hundred day moving average is $62.24. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid 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 presently 8.02%.

Trip.com Group Company 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.