Amundi Has $64.65 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Amundi lifted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 203.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 996,123 shares of the company’s stock after buying an additional 667,589 shares during the period. Amundi’s holdings in Trip.com Group were worth $64,648,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TCOM. FMR LLC boosted its stake in shares of Trip.com Group by 32.8% during the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after buying an additional 2,749,365 shares during the last quarter. Sanders Capital LLC boosted its stake in shares of Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after buying an additional 2,462,767 shares during the last quarter. Aspex Management HK Ltd acquired a new position in shares of Trip.com Group during the 3rd quarter worth about $128,962,000. Wellington Management Group LLP boosted its stake in shares of Trip.com Group by 557.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after buying an additional 1,919,006 shares during the last quarter. Finally, ARGA Investment Management LP boosted its stake in shares of Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after buying an additional 1,884,044 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Down 1.0 %

Shares of TCOM stock opened at $61.59 on Wednesday. The firm has a 50 day moving average price of $66.07 and a two-hundred day moving average price of $62.94. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $39.67 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18.

Trip.com Group Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given 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 (DPR) is presently 8.02%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TCOM shares. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday, November 19th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Macquarie raised their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, TD Cowen raised their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Buy” and an average target price 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.