QRG Capital Management Inc. Boosts Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

QRG Capital Management Inc. raised its stake in Trip.com Group Limited (NASDAQ:TCOM) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,751 shares of the company’s stock after purchasing an additional 286 shares during the quarter. QRG Capital Management Inc.’s holdings in Trip.com Group were worth $1,013,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TCOM. Brooklyn Investment Group purchased a new position in Trip.com Group in the 4th quarter valued at $25,000. Principal Securities Inc. lifted its stake 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 acquiring an additional 169 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in shares of Trip.com Group in the third quarter valued at about $38,000. Empowered Funds LLC acquired a new position in shares of Trip.com Group during the fourth quarter worth about $136,000. Finally, Aaron Wealth Advisors LLC purchased a new position in Trip.com Group during the fourth quarter worth about $232,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $57.81 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $67.09 and its 200 day moving average price is $62.10. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The stock has a market cap of $37.23 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.67 and a beta of 0.37.

Trip.com Group Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio is presently 8.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TCOM shares. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, November 19th. Macquarie upped their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Sanford C. Bernstein started coverage on Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price for the company. 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, Mizuho raised their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Trip.com Group presently has an average rating of “Buy” and a consensus price target of $77.08.

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.