Picton Mahoney Asset Management Increases Stake in Trip.com Group Limited (NASDAQ:TCOM)

Picton Mahoney Asset Management boosted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,200 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Picton Mahoney Asset Management’s holdings in Trip.com Group were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in Trip.com Group during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. raised its position in Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. raised its position in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after buying an additional 169 shares during the last quarter. Farther Finance Advisors LLC raised its position in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after buying an additional 510 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group during the 3rd quarter worth approximately $38,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Trip.com Group stock opened at $62.03 on Friday. The company’s fifty day moving average price is $65.74 and its 200 day moving average price is $63.18. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The stock has a market capitalization of $39.95 billion, a P/E ratio of 18.57, a P/E/G ratio of 0.67 and a beta of 0.38. 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 Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 8.02%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TCOM. Benchmark reissued a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. TD Cowen raised their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Hsbc Global Res raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Citigroup raised their price objective on shares of 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 investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.