Sequoia Financial Advisors LLC Boosts Stake in Trip.com Group Limited (NASDAQ:TCOM)

Sequoia Financial Advisors LLC lifted its stake in Trip.com Group Limited (NASDAQ:TCOM) by 2.0% in the 4th quarter, HoldingsChannel reports. The firm owned 12,745 shares of the company’s stock after acquiring an additional 244 shares during the period. Sequoia Financial Advisors LLC’s holdings in Trip.com Group were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares in the last quarter. Sanders Capital LLC increased its stake in shares of Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares in the last quarter. ARGA Investment Management LP increased its stake in shares of Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after purchasing an additional 1,884,044 shares in the last quarter. Cantillon Capital Management LLC increased its stake in shares of Trip.com Group by 14.9% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after purchasing an additional 629,508 shares in the last quarter. Finally, CoreView Capital Management Ltd increased its stake in shares of Trip.com Group by 15.8% in the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after purchasing an additional 639,000 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Up 2.0 %

TCOM opened at $62.03 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The firm has a 50-day simple moving average of $65.74 and a two-hundred day simple moving average of $63.30. The company has a market capitalization of $39.95 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.

Trip.com Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TCOM shares. TD Cowen increased their price target on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Macquarie increased their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut 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. Finally, HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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.