Trip.com Group Target of Unusually High Options Trading (NASDAQ:TCOM)

Trip.com Group Limited (NASDAQ:TCOM) was the recipient of some unusual options trading activity on Thursday. Traders acquired 4,421 call options on the stock. This represents an increase of approximately 66% compared to the typical volume of 2,662 call options.

Trip.com Group Stock Performance

TCOM traded down $0.53 during trading on Thursday, hitting $54.26. The stock had a trading volume of 4,023,451 shares, compared to its average volume of 3,998,999. The firm has a market capitalization of $34.95 billion, a P/E ratio of 16.25, a PEG ratio of 0.67 and a beta of 0.12. The company’s 50-day moving average price is $63.21 and its 200 day moving average price is $64.98. 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 has a twelve month low of $38.23 and a twelve month high of $77.18.

Trip.com Group Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group’s payout ratio is 8.02%.

Analysts Set New Price Targets

Several brokerages have commented on TCOM. Benchmark reissued a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on shares of 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. Citigroup increased their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. 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 company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $77.08.

Institutional Trading of Trip.com Group

Several hedge funds have recently modified their holdings of TCOM. FMR LLC grew its holdings in Trip.com Group by 125.5% during the fourth quarter. FMR LLC now owns 25,088,658 shares of the company’s stock worth $1,722,587,000 after acquiring an additional 13,964,875 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Trip.com Group by 1,925.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company’s stock worth $205,057,000 after purchasing an additional 2,839,142 shares during the period. Wellington Management Group LLP increased its holdings in shares of Trip.com Group by 92.9% in the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock valued at $299,700,000 after purchasing an additional 2,101,937 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Trip.com Group by 751.8% in the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company’s stock valued at $144,649,000 after purchasing an additional 1,859,401 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Trip.com Group by 16,640.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,431,336 shares of the company’s stock worth $98,277,000 after buying an additional 1,422,786 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

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.