Whittier Trust Co. of Nevada Inc. Purchases 3,571 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 112.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,744 shares of the company’s stock after buying an additional 3,571 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Trip.com Group were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brooklyn Investment Group bought a new position in Trip.com Group in the 4th quarter valued at $25,000. Rakuten Securities Inc. increased its stake 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 purchasing an additional 449 shares during the period. Principal Securities Inc. increased its stake 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 purchasing an additional 169 shares during the period. Farther Finance Advisors LLC increased its stake in Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after purchasing an additional 510 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new stake in Trip.com Group in the third quarter worth $38,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Citigroup increased their target price 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. JPMorgan Chase & Co. reduced their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Finally, Benchmark reissued a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. One 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 stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Price Performance

Shares of TCOM stock opened at $64.23 on Friday. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The stock’s 50-day moving average is $65.84 and its 200 day moving average is $63.83. The company has a market cap of $41.37 billion, a P/E ratio of 19.23, a PEG ratio of 0.67 and a beta of 0.38. 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 business also recently disclosed 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 payout ratio is currently 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.