Trip.com Group (NASDAQ:TCOM) Stock Price Up 5.8% – Should You Buy?

Trip.com Group Limited (NASDAQ:TCOM) rose 5.8% during mid-day trading on Monday . The stock traded as high as $65.00 and last traded at $65.36. Approximately 1,679,265 shares were traded during trading, a decline of 57% from the average daily volume of 3,861,031 shares. The stock had previously closed at $61.75.

Analyst Upgrades and Downgrades

TCOM has been the topic of several analyst reports. Hsbc Global Res raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. Macquarie upped their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Benchmark reiterated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, Barclays upped their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $77.08.

Trip.com Group Trading Down 0.9 %

The firm’s 50-day moving average is $65.78 and its 200-day moving average is $63.57. 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 firm has a market cap of $42.57 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 0.67 and a beta of 0.38.

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 paid 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%.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds have recently made changes to their positions in TCOM. FMR LLC raised its stake in Trip.com Group by 125.5% in the 4th quarter. FMR LLC now owns 25,088,658 shares of the company’s stock valued at $1,722,587,000 after acquiring an additional 13,964,875 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Trip.com Group by 1,925.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company’s stock worth $205,057,000 after purchasing an additional 2,839,142 shares in the last quarter. Sanders Capital LLC boosted its stake in Trip.com Group by 34.7% in the third 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 in the last quarter. Aspex Management HK Ltd purchased a new stake in Trip.com Group in the third quarter worth approximately $128,962,000. Finally, Wellington Management Group LLP boosted its stake 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 worth $299,700,000 after buying an additional 2,101,937 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

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.