Mitsubishi UFJ Trust & Banking Corp Buys 4,325 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 17.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,557 shares of the company’s stock after purchasing an additional 4,325 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Trip.com Group were worth $2,029,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

Trip.com Group Stock Performance

Trip.com Group stock opened at $63.58 on Tuesday. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The firm has a market cap of $40.95 billion, a P/E ratio of 19.04, a P/E/G ratio of 0.67 and a beta of 0.38. 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 50-day moving average of $65.62 and a 200-day moving average of $64.64.

Trip.com Group Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be given a $0.30 dividend. 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.