Barclays PLC Buys 151,461 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Barclays PLC boosted its position in Trip.com Group Limited (NASDAQ:TCOM) by 98.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 304,557 shares of the company’s stock after acquiring an additional 151,461 shares during the quarter. Barclays PLC’s holdings in Trip.com Group were worth $20,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position in shares of Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company’s stock valued at $1,722,587,000 after purchasing an additional 13,964,875 shares during the last quarter. Wellington Management Group LLP boosted its stake in Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after buying an additional 2,101,937 shares in the last quarter. Norges Bank bought a new position in Trip.com Group during the fourth quarter valued at approximately $67,473,000. FIL Ltd raised its stake in shares of Trip.com Group by 8.8% during the fourth quarter. FIL Ltd now owns 8,453,025 shares of the company’s stock worth $580,385,000 after acquiring an additional 684,364 shares in the last quarter. Finally, Amundi boosted its stake in shares of Trip.com Group by 203.2% in the 4th quarter. Amundi now owns 996,123 shares of the company’s stock valued at $64,648,000 after purchasing an additional 667,589 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analyst Ratings Changes

TCOM has been the topic of a number of analyst reports. Citigroup lifted their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday. Benchmark reissued a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $54.85 on Friday. 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 company has a market capitalization of $35.33 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company’s 50-day moving average is $61.28 and its 200 day moving average is $64.82.

Trip.com Group Dividend Announcement

The company also recently declared a — dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is currently 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.