Trip.com Group Limited (NASDAQ:TCOM) Stake Boosted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,963 shares of the company’s stock after purchasing an additional 250 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Trip.com Group were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its stake in Trip.com Group by 9.1% during the 3rd quarter. Raymond James & Associates now owns 40,998 shares of the company’s stock valued at $2,437,000 after purchasing an additional 3,425 shares during the period. Van ECK Associates Corp raised its holdings in shares of Trip.com Group by 27.7% during the third quarter. Van ECK Associates Corp now owns 142,745 shares of the company’s stock valued at $8,770,000 after buying an additional 30,988 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Trip.com Group by 5.0% during the third quarter. QRG Capital Management Inc. now owns 14,465 shares of the company’s stock worth $860,000 after buying an additional 693 shares during the period. M&G PLC grew its holdings in Trip.com Group by 99.3% in the 3rd quarter. M&G PLC now owns 332,071 shares of the company’s stock worth $19,592,000 after buying an additional 165,419 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Trip.com Group by 139.9% in the 3rd quarter. Principal Financial Group Inc. now owns 131,407 shares of the company’s stock valued at $7,810,000 after acquiring an additional 76,624 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Up 7.8 %

NASDAQ TCOM opened at $64.01 on Thursday. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a market capitalization of $41.23 billion, a P/E ratio of 19.16, a PEG ratio of 0.67 and a beta of 0.38. The company’s 50 day simple moving average is $66.66 and its 200 day simple moving average is $62.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Macquarie upped their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Mizuho boosted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average 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.