Trip.com Group Limited (NASDAQ:TCOM) Stock Position Raised by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,200 shares of the company’s stock after acquiring an additional 10,471 shares during the period. Prudential Financial Inc.’s holdings in Trip.com Group were worth $7,360,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in shares of Trip.com Group during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. grew its stake in Trip.com Group by 1,496.7% during 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. increased 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 worth $36,000 after buying an additional 169 shares during the period. Farther Finance Advisors LLC lifted its stake in Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after buying an additional 510 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Trip.com Group during the fourth quarter valued at $94,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Down 3.8 %

TCOM opened at $62.68 on Friday. The stock’s fifty day moving average is $65.69 and its 200-day moving average is $64.40. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company has a market capitalization of $40.37 billion, a PE ratio of 18.77, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s payout ratio is 8.02%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TCOM shares. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Benchmark reaffirmed a “buy” rating and set 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 stock a “buy” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. cut their target price 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. One 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. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $77.08.

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.