Schroder Investment Management Group Purchases 213,381 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Schroder Investment Management Group boosted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,196,836 shares of the company’s stock after buying an additional 213,381 shares during the period. Trip.com Group makes up about 0.7% of Schroder Investment Management Group’s holdings, making the stock its 26th largest holding. Schroder Investment Management Group’s holdings in Trip.com Group were worth $700,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Aspex Management HK Ltd bought a new stake in shares of Trip.com Group during the 3rd quarter valued at about $128,962,000. Wellington Management Group LLP raised its stake in Trip.com Group by 557.8% in the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after purchasing an additional 1,919,006 shares in the last quarter. ARGA Investment Management LP lifted its position 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 valued at $350,602,000 after purchasing an additional 1,884,044 shares during the last quarter. Wasatch Advisors LP purchased a new position in Trip.com Group in the 3rd quarter worth approximately $73,336,000. Finally, Norges Bank bought a new position in shares of Trip.com Group in the 4th quarter worth $67,473,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of TCOM opened at $62.68 on Friday. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm’s 50-day simple moving average is $65.69 and its two-hundred day simple moving average is $64.40. The stock has a market cap of $40.37 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. 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 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 of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is presently 8.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TCOM shares. Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Citigroup lifted their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. One investment 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $77.08.

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.