Envestnet Portfolio Solutions Inc. Has $490,000 Position in Trip.com Group Limited (NASDAQ:TCOM)

Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,132 shares of the company’s stock after buying an additional 544 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Trip.com Group were worth $490,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TCOM. Brooklyn Investment Group acquired a new position in Trip.com Group during the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. increased its position in shares of Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. raised its stake in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of 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 buying an additional 510 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of Trip.com Group in the third quarter valued at $38,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Trip.com Group Price Performance

Trip.com Group stock opened at $63.67 on Wednesday. The stock has a fifty day moving average of $65.83 and a 200-day moving average of $64.18. The stock has a market capitalization of $41.01 billion, a P/E ratio of 19.06, 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 Limited has a 52 week low of $38.23 and a 52 week high of $77.18.

Trip.com Group Dividend Announcement

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

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.