Fmr LLC Grows Position in Trip.com Group Limited (NASDAQ:TCOM)

Fmr LLC grew its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 125.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,088,658 shares of the company’s stock after buying an additional 13,964,875 shares during the period. Fmr LLC’s holdings in Trip.com Group were worth $1,722,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in Trip.com Group by 92.9% during the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after purchasing an additional 2,101,937 shares in the last quarter. Norges Bank acquired a new position in shares of Trip.com Group during the 4th quarter worth approximately $67,473,000. Amundi lifted its position in shares of Trip.com Group by 203.2% during the 4th quarter. Amundi now owns 996,123 shares of the company’s stock valued at $64,648,000 after buying an additional 667,589 shares in the last quarter. Victory Capital Management Inc. grew its stake in Trip.com Group by 5,490.3% in the 4th quarter. Victory Capital Management Inc. now owns 614,089 shares of the company’s stock valued at $42,163,000 after acquiring an additional 603,104 shares during the period. Finally, Trivest Advisors Ltd increased its holdings in Trip.com Group by 56.5% in the 4th quarter. Trivest Advisors Ltd now owns 1,657,000 shares of the company’s stock worth $113,770,000 after acquiring an additional 598,000 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $55.89 on Monday. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The stock has a market cap of $36.00 billion, a PE ratio of 16.73, a P/E/G ratio of 0.67 and a beta of 0.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day moving average price of $64.99 and a 200 day moving average price of $65.04.

Trip.com Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on TCOM. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark reaffirmed a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. Citigroup boosted their price objective 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. Finally, JPMorgan Chase & Co. decreased their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $77.08.

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.