QRG Capital Management Inc. Increases Stake in Trip.com Group Limited (NASDAQ:TCOM)

QRG Capital Management Inc. raised its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,751 shares of the company’s stock after buying an additional 286 shares during the period. QRG Capital Management Inc.’s holdings in Trip.com Group were worth $1,013,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. GSA Capital Partners LLP purchased a new position in Trip.com Group in the third quarter valued at $384,000. LMR Partners LLP purchased a new position in shares of Trip.com Group in the 3rd quarter valued at about $18,435,000. Headwater Capital Co Ltd purchased a new position in shares of Trip.com Group in the 4th quarter valued at about $13,732,000. Massachusetts Financial Services Co. MA grew its position in shares of Trip.com Group by 85.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock worth $23,478,000 after buying an additional 182,403 shares in the last quarter. Finally, WT Asset Management Ltd increased its stake in shares of Trip.com Group by 92.3% during the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock worth $3,050,000 after buying an additional 21,316 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $57.81 on Tuesday. The stock has a market cap of $37.23 billion, a P/E ratio of 17.31, a P/E/G ratio of 0.67 and a beta of 0.37. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The stock has a 50 day moving average of $67.09 and a two-hundred day moving average of $62.10. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid 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 currently 8.60%.

Analysts Set New Price Targets

Several research analysts have commented on TCOM shares. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target for the company. HSBC upgraded 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 note on Tuesday, November 19th. Macquarie raised their price target on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Benchmark reissued a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. 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.com, the stock 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.