SBI Securities Co. Ltd. Buys New Stake in Trip.com Group Limited (NASDAQ:TCOM)

SBI Securities Co. Ltd. bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,365 shares of the company’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC lifted its holdings in Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after buying an additional 2,749,365 shares in the last quarter. Sanders Capital LLC lifted its holdings in Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after buying an additional 2,462,767 shares in the last quarter. ARGA Investment Management LP lifted its holdings in Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after buying an additional 1,884,044 shares in the last quarter. Cantillon Capital Management LLC lifted its holdings in Trip.com Group by 14.9% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after buying an additional 629,508 shares in the last quarter. Finally, CoreView Capital Management Ltd lifted its holdings in Trip.com Group by 15.8% in the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after buying an additional 639,000 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $63.83 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a 50-day simple moving average of $66.34 and a 200 day simple moving average of $62.53. The company has a market cap of $41.11 billion, a PE ratio of 19.11, a P/E/G ratio of 0.67 and a beta of 0.38.

Trip.com Group Announces Dividend

The firm 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 is presently 8.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TCOM shares. JPMorgan Chase & Co. cut their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday, November 19th. Mizuho boosted their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.