Fmr LLC Purchases 13,964,875 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Fmr LLC raised its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 125.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,088,658 shares of the company’s stock after purchasing an additional 13,964,875 shares during the period. Fmr LLC owned about 3.90% of Trip.com Group worth $1,722,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in TCOM. Quantinno Capital Management LP boosted its stake in shares of Trip.com Group by 27.6% during the third quarter. Quantinno Capital Management LP now owns 13,173 shares of the company’s stock valued at $783,000 after purchasing an additional 2,853 shares in the last quarter. Stifel Financial Corp boosted its position in Trip.com Group by 18.4% during the 3rd quarter. Stifel Financial Corp now owns 17,200 shares of the company’s stock valued at $1,022,000 after acquiring an additional 2,678 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after acquiring an additional 1,919,006 shares during the period. XTX Topco Ltd raised its position in shares of Trip.com Group by 53.8% in the 3rd quarter. XTX Topco Ltd now owns 16,612 shares of the company’s stock worth $987,000 after acquiring an additional 5,813 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in Trip.com Group by 12.3% during the third quarter. MML Investors Services LLC now owns 14,126 shares of the company’s stock valued at $839,000 after purchasing an additional 1,546 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on TCOM. Citigroup increased their price target 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. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped 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 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 company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $77.08.

Trip.com Group Stock Down 8.7 %

Shares of TCOM stock opened at $55.89 on Monday. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a market capitalization of $36.00 billion, a PE ratio of 16.73, a P/E/G ratio of 0.67 and a beta of 0.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s 50-day simple moving average is $64.99 and its 200-day simple moving average is $65.04.

Trip.com Group Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group’s dividend payout ratio is presently 8.02%.

Trip.com Group 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.