Orion Portfolio Solutions LLC Has $1.12 Million Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Orion Portfolio Solutions LLC boosted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 31.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,285 shares of the company’s stock after purchasing an additional 3,932 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Trip.com Group were worth $1,118,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Premier Fund Managers Ltd acquired a new stake in shares of Trip.com Group during the fourth quarter valued at approximately $6,105,000. Nomura Asset Management Co. Ltd. acquired a new stake in Trip.com Group during the 4th quarter valued at $1,345,000. Norges Bank acquired a new stake in Trip.com Group during the 4th quarter valued at $67,473,000. Blair William & Co. IL lifted its holdings in shares of Trip.com Group by 4.3% in the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock valued at $367,000 after purchasing an additional 219 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Trip.com Group by 17.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,557 shares of the company’s stock worth $2,029,000 after buying an additional 4,325 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Stock Down 8.7 %

Trip.com Group stock opened at $55.89 on Friday. The company has a market capitalization of $36.00 billion, a P/E ratio of 16.73, a P/E/G ratio of 0.67 and a beta of 0.12. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The firm’s fifty day simple moving average is $64.99 and its 200-day simple moving average is $64.78. 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 was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 8.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TCOM shares. 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 note on Friday, January 3rd. Benchmark reissued a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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.