Capital International Investors Buys 53,784 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Capital International Investors increased its stake in Trip.com Group Limited (NASDAQ:TCOM) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,079,203 shares of the company’s stock after buying an additional 53,784 shares during the period. Capital International Investors owned 1.25% of Trip.com Group worth $554,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brooklyn Investment Group purchased a new stake in Trip.com Group in the fourth quarter worth about $25,000. National Bank of Canada FI increased its position in Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after buying an additional 321 shares in the last quarter. Rakuten Securities Inc. raised its stake in 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. boosted its holdings in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after acquiring an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after acquiring an additional 510 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently 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 note on Thursday, February 27th. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup increased 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, Benchmark reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Eleven equities 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, the company has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Price Performance

NASDAQ TCOM opened at $54.85 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. The firm has a market capitalization of $35.33 billion, a P/E ratio of 16.42, a PEG ratio of 0.67 and a beta of 0.12. The company has a 50-day moving average price of $61.28 and a 200-day moving average price of $64.83. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18.

Trip.com Group Announces Dividend

The firm 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 presently 8.02%.

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.