Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 16,939 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Trip.com Group Limited (NASDAQ:TCOM) by 63.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,613 shares of the company’s stock after acquiring an additional 16,939 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Trip.com Group were worth $2,994,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TCOM. abrdn plc grew its position in Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock worth $2,032,000 after acquiring an additional 150 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock valued at $825,000 after buying an additional 184 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Trip.com Group by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock valued at $875,000 after buying an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Trip.com Group by 6.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company’s stock worth $272,000 after buying an additional 250 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Down 0.5 %

Shares of TCOM stock opened at $63.91 on Tuesday. 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 debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day simple moving average of $65.84 and a two-hundred day simple moving average of $64.06. The company has a market cap of $41.16 billion, a P/E ratio of 19.13, a PEG ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, March 17th. Trip.com Group’s dividend payout ratio is presently 8.02%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TCOM. Citigroup upped their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark reaffirmed a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price target 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. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Trip.com Group presently has an average rating of “Buy” and a consensus target price of $77.08.

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.