1,595 Shares in Trip.com Group Limited (NASDAQ:TCOM) Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Trip.com Group Limited (NASDAQ:TCOM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,595 shares of the company’s stock, valued at approximately $121,000.

Other hedge funds have also recently bought and sold shares of the company. abrdn plc grew its holdings in shares of Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock worth $2,032,000 after purchasing an additional 150 shares during the last quarter. Principal Securities Inc. boosted its position in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after buying an additional 169 shares in the last quarter. Rhumbline Advisers grew its stake in Trip.com Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after buying an additional 184 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Trip.com Group by 6.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company’s stock worth $272,000 after buying an additional 250 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Trip.com Group by 2.0% in the fourth quarter. QRG Capital Management Inc. now owns 14,751 shares of the company’s stock valued at $1,013,000 after acquiring an additional 286 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of research analyst reports. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Mizuho lifted their price target on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. 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 report on Friday, January 3rd. Finally, Barclays raised their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. One equities research 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 data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $77.08.

Trip.com Group Stock Down 1.0 %

Shares of NASDAQ TCOM opened at $61.59 on Wednesday. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The firm’s 50-day moving average is $66.07 and its 200-day moving average is $62.94. 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 firm has a market capitalization of $39.67 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, April 4th. Shareholders 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 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.