Russell Investments Group Ltd. Increases Stake in Trip.com Group Limited (NASDAQ:TCOM)

Russell Investments Group Ltd. increased its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,604,482 shares of the company’s stock after purchasing an additional 91,675 shares during the quarter. Russell Investments Group Ltd.’s holdings in Trip.com Group were worth $110,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TCOM. Schroder Investment Management Group increased its holdings in shares of Trip.com Group by 2.1% in the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company’s stock worth $700,115,000 after buying an additional 213,381 shares during the period. CoreView Capital Management Ltd increased its stake in Trip.com Group by 15.8% in the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after purchasing an additional 639,000 shares during the period. Wellington Management Group LLP lifted its position in Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock valued at $299,700,000 after purchasing an additional 2,101,937 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Trip.com Group by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company’s stock valued at $205,678,000 after purchasing an additional 34,586 shares during the period. Finally, Trivest Advisors Ltd increased its stake in shares of Trip.com Group by 56.5% in the fourth quarter. Trivest Advisors Ltd now owns 1,657,000 shares of the company’s stock worth $113,770,000 after buying an additional 598,000 shares during the period. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Down 8.7 %

TCOM stock opened at $55.89 on Friday. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The business’s 50 day moving average price is $64.99 and its two-hundred day moving average price is $64.91. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TCOM shares. 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. JPMorgan Chase & Co. dropped their target price on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Citigroup raised their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. One 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 stock. According to MarketBeat, Trip.com Group currently has an average rating of “Buy” and an average 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.