Nomura Asset Management Co. Ltd. Purchases Shares of 19,591 Trip.com Group Limited (NASDAQ:TCOM)

Nomura Asset Management Co. Ltd. acquired a new position in Trip.com Group Limited (NASDAQ:TCOM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,591 shares of the company’s stock, valued at approximately $1,345,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in Trip.com Group in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. lifted its holdings 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 valued at $33,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Trip.com Group by 46.8% in 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 grew its stake in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after buying an additional 510 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Trip.com Group in the fourth quarter valued at about $94,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $63.58 on Thursday. The company has a market capitalization of $40.95 billion, a P/E ratio of 19.04, a P/E/G ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The business’s 50 day moving average is $65.44 and its two-hundred day moving average is $64.74. 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 business also recently declared a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 8.02%.

Analyst Ratings Changes

TCOM has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. Citigroup increased their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped 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. Finally, StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. 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. According to data from MarketBeat, Trip.com Group presently has an average rating of “Buy” and an average target price 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.