Trip.com Group Target of Unusually High Options Trading (NASDAQ:TCOM)

Trip.com Group Limited (NASDAQ:TCOM) was the recipient of some unusual options trading activity on Thursday. Investors bought 4,421 call options on the stock. This is an increase of 66% compared to the average daily volume of 2,662 call options.

Institutional Investors Weigh In On Trip.com Group

Several large investors have recently bought and sold shares of TCOM. Brooklyn Investment Group purchased a new position in Trip.com Group in the 4th quarter valued at $25,000. National Bank of Canada FI boosted its stake in Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock worth $32,000 after buying an additional 321 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. boosted its holdings in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Trip.com Group by 443.5% in the 4th 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 period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

Shares of TCOM stock traded down $0.53 during mid-day trading on Thursday, reaching $54.26. The stock had a trading volume of 4,023,451 shares, compared to its average volume of 3,998,999. The business’s fifty day moving average is $63.21 and its 200-day moving average is $64.98. The firm has a market cap of $34.95 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.67 and a beta of 0.12. 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 has a 1-year low of $38.23 and a 1-year high of $77.18.

Trip.com Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TCOM shares. Citigroup boosted 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. Benchmark reaffirmed a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced 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. Finally, StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trip.com Group currently has an average rating of “Buy” and a consensus price target 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.