Whittier Trust Co. of Nevada Inc. Boosts Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Whittier Trust Co. of Nevada Inc. increased its position in Trip.com Group Limited (NASDAQ:TCOM) by 112.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,744 shares of the company’s stock after acquiring an additional 3,571 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Trip.com Group were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TCOM. Brooklyn Investment Group purchased a new position in shares of Trip.com Group in the fourth quarter worth $25,000. Rakuten Securities Inc. raised its position in Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. lifted its stake in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after acquiring an additional 169 shares during the period. RPg Family Wealth Advisory LLC bought a new position in Trip.com Group during the 3rd quarter valued at about $38,000. 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 period. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $64.23 on Friday. The stock has a 50-day moving average price of $65.84 and a 200 day moving average price of $63.83. The stock has a market capitalization of $41.37 billion, a P/E ratio of 19.23, 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 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. 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 currently 8.02%.

Wall Street Analysts Forecast Growth

TCOM has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on 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 cut Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.