Northwest & Ethical Investments L.P. Boosts Stake in Trip.com Group Limited (NASDAQ:TCOM)

Northwest & Ethical Investments L.P. increased its position in Trip.com Group Limited (NASDAQ:TCOM) by 9.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 80,800 shares of the company’s stock after purchasing an additional 7,265 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Trip.com Group were worth $5,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in shares of Trip.com Group in the 3rd quarter valued at about $384,000. Headwater Capital Co Ltd purchased a new stake in shares of Trip.com Group in the 4th quarter valued at about $13,732,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Trip.com Group by 85.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock valued at $23,478,000 after purchasing an additional 182,403 shares during the last quarter. WT Asset Management Ltd lifted its holdings in shares of Trip.com Group by 92.3% in the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock valued at $3,050,000 after purchasing an additional 21,316 shares during the last quarter. Finally, BOCHK Asset Management Ltd lifted its holdings in shares of Trip.com Group by 85.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company’s stock valued at $893,000 after purchasing an additional 6,000 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on TCOM shares. JPMorgan Chase & Co. reduced their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Citigroup upped their price objective 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. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $64.53 on Friday. 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 business’s 50 day moving average is $65.82 and its two-hundred day moving average is $63.60. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The stock has a market capitalization of $41.56 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The company also recently disclosed 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 is Monday, March 17th. Trip.com Group’s payout ratio is currently 8.02%.

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.