8,011 Shares in Trip.com Group Limited (NASDAQ:TCOM) Bought by Townsquare Capital LLC

Townsquare Capital LLC purchased a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,011 shares of the company’s stock, valued at approximately $550,000.

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

Trip.com Group Stock Performance

NASDAQ TCOM opened at $54.85 on Friday. The company has a market cap of $35.33 billion, a P/E ratio of 16.42, a P/E/G ratio of 0.67 and a beta of 0.12. The business’s 50 day moving average price is $61.28 and its 200-day moving average price is $64.82. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Dividend Announcement

The company also recently announced a — dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 8.02%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TCOM. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. reduced their target price 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. Citigroup increased 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 reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $77.08.

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.