Trip.com Group (NASDAQ:TCOM) Trading Up 5.9% Following Dividend Announcement

Trip.com Group Limited (NASDAQ:TCOM)’s share price was up 5.9% on Monday following a dividend announcement from the company. The stock traded as high as $60.15 and last traded at $60.00. Approximately 1,528,305 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 3,641,970 shares. The stock had previously closed at $56.68.

The newly announced dividend which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, March 17th. Trip.com Group’s payout ratio is 8.60%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TCOM shares. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Citigroup boosted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. TD Cowen boosted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Macquarie boosted their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report 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 MarketBeat.com, Trip.com Group currently has an average rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Stock Up 2.0 %

The firm has a market cap of $37.23 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 0.67 and a beta of 0.37. The firm’s fifty day moving average is $67.09 and its two-hundred day moving average is $62.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Institutional Investors Weigh In On Trip.com Group

Institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in Trip.com Group in the fourth quarter worth about $25,000. National Bank of Canada FI raised its position in Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock worth $32,000 after acquiring an additional 321 shares in the last quarter. Rakuten Securities Inc. raised its position in Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after acquiring an additional 449 shares in the last quarter. Principal Securities Inc. raised its position in 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 in the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group in the third quarter worth about $38,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.