Dorsey Wright & Associates Invests $2.03 Million in Trip.com Group Limited (NASDAQ:TCOM)

Dorsey Wright & Associates purchased a new position in Trip.com Group Limited (NASDAQ:TCOM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,508 shares of the company’s stock, valued at approximately $2,026,000.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Trip.com Group during the 4th quarter worth $25,000. Rakuten Securities Inc. raised its holdings in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after purchasing an additional 510 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Trip.com Group during the fourth quarter valued at approximately $94,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on TCOM. Benchmark reaffirmed a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Citigroup raised their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Trading Down 3.8 %

Shares of Trip.com Group stock opened at $62.68 on Friday. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The firm’s 50 day simple moving average is $65.69 and its two-hundred day simple moving average is $64.40. 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 capitalization of $40.37 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.67 and a beta of 0.38.

Trip.com Group Announces Dividend

The company also recently declared 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 of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 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.