Townsquare Capital LLC Invests $550,000 in Trip.com Group Limited (NASDAQ:TCOM)

Townsquare Capital LLC purchased a new position in Trip.com Group Limited (NASDAQ:TCOM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,011 shares of the company’s stock, valued at approximately $550,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in shares of Trip.com Group in the 4th quarter worth about $25,000. National Bank of Canada FI lifted its stake in shares of 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 buying an additional 321 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. raised its holdings in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after acquiring an additional 169 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after acquiring an additional 510 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Down 1.3 %

Shares of TCOM stock opened at $54.85 on Friday. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The firm has a fifty day moving average price of $61.28 and a 200-day moving average price of $64.82. The company has a market cap of $35.33 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 0.67 and a beta of 0.12. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup raised 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $77.08.

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.