Axiom Investors LLC DE Grows Position in Trip.com Group Limited (NASDAQ:TCOM)

Axiom Investors LLC DE boosted its position in Trip.com Group Limited (NASDAQ:TCOM) by 79.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,131,000 shares of the company’s stock after purchasing an additional 499,823 shares during the quarter. Axiom Investors LLC DE owned about 0.18% of Trip.com Group worth $77,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. abrdn plc increased its holdings in Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after purchasing an additional 150 shares during the period. Principal Securities Inc. raised 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 valued at $36,000 after purchasing an additional 169 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after purchasing an additional 184 shares during the period. Blair William & Co. IL increased its holdings in Trip.com Group by 4.3% in the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock worth $367,000 after acquiring an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Trip.com Group by 2.0% during the fourth 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. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Price Performance

Shares of TCOM opened at $62.68 on Monday. 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 stock’s 50-day moving average price is $65.69 and its two-hundred day moving average price is $64.52. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The stock has a market cap of $40.37 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The firm also recently announced 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 is Monday, March 17th. Trip.com Group’s payout ratio is presently 8.02%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TCOM. JPMorgan Chase & Co. decreased their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Citigroup boosted their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Benchmark restated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of “Buy” and a consensus 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.