EverSource Wealth Advisors LLC Acquires 2,045 Shares of Trip.com Group Limited (NASDAQ:TCOM)

EverSource Wealth Advisors LLC raised its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 546.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,419 shares of the company’s stock after purchasing an additional 2,045 shares during the period. EverSource Wealth Advisors LLC’s holdings in Trip.com Group were worth $166,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TCOM. abrdn plc raised its holdings in Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after acquiring an additional 150 shares during the period. Principal Securities Inc. raised its stake in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares during the period. Rhumbline Advisers lifted its holdings in Trip.com Group by 1.6% during the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after purchasing an additional 184 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Trip.com Group by 2.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock valued at $875,000 after buying an additional 244 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Trip.com Group by 6.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company’s stock valued at $272,000 after buying an additional 250 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TCOM has been the subject of several recent analyst reports. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, November 19th. Macquarie upped their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. TD Cowen lifted their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. 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, JPMorgan Chase & Co. lowered their price target on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Trading Up 7.5 %

Shares of TCOM opened at $66.67 on Tuesday. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a market cap of $42.94 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 0.67 and a beta of 0.38. The firm has a 50 day moving average price of $65.76 and a 200-day moving average price of $63.44. 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 Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, April 4th. Shareholders 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 payout ratio is 8.02%.

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.