Assetmark Inc. Purchases 8,653 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Assetmark Inc. boosted its position in Trip.com Group Limited (NASDAQ:TCOM) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,039 shares of the company’s stock after purchasing an additional 8,653 shares during the period. Assetmark Inc.’s holdings in Trip.com Group were worth $4,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in TCOM. FMR LLC raised its stake in shares of Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after acquiring an additional 2,749,365 shares in the last quarter. Sanders Capital LLC raised its stake in shares of Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after acquiring an additional 2,462,767 shares in the last quarter. ARGA Investment Management LP raised its stake in shares of Trip.com Group by 46.9% during the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after acquiring an additional 1,884,044 shares in the last quarter. Cantillon Capital Management LLC increased its holdings in Trip.com Group by 14.9% during the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after buying an additional 629,508 shares during the period. Finally, CoreView Capital Management Ltd increased its holdings in Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after buying an additional 639,000 shares during the period. Institutional investors own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TCOM shares. TD Cowen lifted their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays lifted their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Citigroup lifted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Benchmark reaffirmed a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, 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 report on Tuesday, November 19th. One 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Price Performance

Shares of TCOM opened at $63.83 on Friday. The firm has a market capitalization of $41.11 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The company’s fifty day moving average price is $66.34 and its 200-day moving average price is $62.53.

Trip.com Group Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, April 4th. Investors 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 is presently 8.02%.

Trip.com Group 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.