Price T Rowe Associates Inc. MD Has $98.28 Million Stake in Trip.com Group Limited (NASDAQ:TCOM)

Price T Rowe Associates Inc. MD lifted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 16,640.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,431,336 shares of the company’s stock after acquiring an additional 1,422,786 shares during the period. Price T Rowe Associates Inc. MD owned 0.22% of Trip.com Group worth $98,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. abrdn plc raised its holdings in shares of Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after purchasing an additional 150 shares during the period. Principal Securities Inc. boosted its holdings 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 acquiring an additional 169 shares in the last quarter. Rhumbline Advisers grew its stake in Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock valued at $825,000 after acquiring an additional 184 shares during the period. Blair William & Co. IL increased its holdings in shares of Trip.com Group by 4.3% during the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock valued at $367,000 after acquiring an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Trip.com Group by 2.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock worth $875,000 after purchasing an additional 244 shares during the period. 35.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TCOM. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their target price on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Benchmark reissued a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Down 0.2 %

TCOM stock opened at $57.52 on Monday. The stock has a market cap of $37.05 billion, a P/E ratio of 17.22, a P/E/G 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. The stock’s fifty day simple moving average is $60.12 and its two-hundred day simple moving average is $64.55. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18.

Trip.com Group Announces Dividend

The business 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 was Monday, March 17th. Trip.com Group’s payout ratio is currently 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.