Sei Investments Co. Buys 265,436 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Sei Investments Co. grew its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,232,292 shares of the company’s stock after purchasing an additional 265,436 shares during the period. Sei Investments Co.’s holdings in Trip.com Group were worth $84,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. abrdn plc increased its holdings in shares of Trip.com Group by 0.5% in the 4th 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. increased its holdings in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after purchasing an additional 184 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Trip.com Group by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock worth $875,000 after purchasing an additional 244 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Trip.com Group by 6.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company’s stock worth $272,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $64.23 on Friday. The stock has a 50-day simple moving average of $65.84 and a two-hundred day simple moving average of $63.83. Trip.com Group Limited has a 52-week low of $38.23 and a 52-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. The firm has a market capitalization of $41.37 billion, a PE ratio of 19.23, a P/E/G ratio of 0.67 and a beta of 0.38.

Trip.com Group Announces Dividend

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

Analysts Set New Price Targets

TCOM has been the subject of a number of research analyst reports. Citigroup lifted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Benchmark restated a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Finally, StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. One investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $77.08.

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.