Trip.com Group (NASDAQ:TCOM) Trading 5.9% Higher After Dividend Announcement

Trip.com Group Limited (NASDAQ:TCOM)’s stock price traded up 5.9% on Monday after the company announced a dividend. The company traded as high as $60.15 and last traded at $60.00. 1,528,305 shares traded hands during trading, a decline of 58% from the average session volume of 3,641,970 shares. The stock had previously closed at $56.68.

The newly announced dividend which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given 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 (DPR) is presently 8.60%.

Analysts Set New Price Targets

A number of research firms have recently commented on TCOM. Barclays raised their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Mizuho raised their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Sanford C. Bernstein started coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. Citigroup increased their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $77.08.

Trip.com Group Price Performance

The stock has a market cap of $37.23 billion, a PE ratio of 17.31, a P/E/G ratio of 0.67 and a beta of 0.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $67.39 and its 200-day moving average is $61.99.

Institutional Investors Weigh In On Trip.com Group

Hedge funds have recently bought and sold shares of the business. FMR LLC raised its stake in shares of Trip.com Group by 125.5% in the 4th quarter. FMR LLC now owns 25,088,658 shares of the company’s stock valued at $1,722,587,000 after purchasing an additional 13,964,875 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Trip.com Group by 1,925.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company’s stock worth $205,057,000 after purchasing an additional 2,839,142 shares during the last quarter. Sanders Capital LLC grew its holdings in Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after buying an additional 2,462,767 shares in the last quarter. Aspex Management HK Ltd bought a new stake in shares of Trip.com Group during the third quarter valued at about $128,962,000. Finally, Wellington Management Group LLP raised its position in shares of Trip.com Group by 92.9% during the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after buying an additional 2,101,937 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.