Whittier Trust Co. Boosts Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Whittier Trust Co. increased its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 54.9% in the 4th quarter, HoldingsChannel reports. The firm owned 29,393 shares of the company’s stock after purchasing an additional 10,412 shares during the period. Whittier Trust Co.’s holdings in Trip.com Group were worth $2,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in Trip.com Group during the fourth quarter worth about $25,000. Rakuten Securities Inc. grew its position in Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after buying an additional 449 shares during the period. Principal Securities Inc. grew its position in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after buying an additional 169 shares during the period. RPg Family Wealth Advisory LLC acquired a new position in Trip.com Group during the third quarter worth about $38,000. Finally, Farther Finance Advisors LLC grew its position in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after buying an additional 510 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several recent analyst reports. Benchmark restated 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. lowered their target price 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. Citigroup upped their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research 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. According to MarketBeat.com, Trip.com Group presently has a consensus rating of “Buy” and an average price target of $77.08.

Trip.com Group Stock Down 0.5 %

Shares of NASDAQ TCOM opened at $64.23 on Friday. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The firm’s 50 day moving average price is $65.84 and its 200 day moving average price is $63.72. The firm has a market cap of $41.37 billion, a P/E ratio of 19.23, 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 quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Dividend Announcement

The company 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 is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is currently 8.02%.

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.