Trip.com Group (NASDAQ:TCOM) Trading 7% Higher – Here’s Why

Trip.com Group Limited (NASDAQ:TCOM)’s stock price was up 7% on Monday . The company traded as high as $59.42 and last traded at $58.59. Approximately 2,023,277 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 4,016,490 shares. The stock had previously closed at $54.73.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Benchmark reissued a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Citigroup increased their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Stock Performance

The stock’s 50-day moving average price is $62.52 and its 200 day moving average price is $65.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market cap of $37.03 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

The firm also recently declared 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 was Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 8.02%.

Institutional Trading of Trip.com Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group bought a new position in Trip.com Group during the fourth quarter worth $25,000. National Bank of Canada FI raised its position in shares of Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after buying an additional 321 shares during the last quarter. Rakuten Securities Inc. grew its position in Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after buying an additional 449 shares in the last quarter. Principal Securities Inc. increased its stake in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after acquiring an additional 169 shares during the period. Finally, Farther Finance Advisors LLC lifted its position 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 worth $43,000 after acquiring an additional 510 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.