Dorsey Wright & Associates Purchases Shares of 29,508 Trip.com Group Limited (NASDAQ:TCOM)

Dorsey Wright & Associates acquired a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) in the fourth quarter, Holdings Channel.com reports. The firm acquired 29,508 shares of the company’s stock, valued at approximately $2,026,000.

Several other institutional investors and hedge funds have also modified their holdings of TCOM. Schroder Investment Management Group grew its holdings in Trip.com Group by 2.1% during the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company’s stock worth $700,115,000 after acquiring an additional 213,381 shares during the period. ARGA Investment Management LP grew its stake in shares of Trip.com Group by 46.9% during 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 during the period. CoreView Capital Management Ltd grew its stake in shares of Trip.com Group by 15.8% during 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 during the period. Fisher Asset Management LLC lifted its stake in shares of Trip.com Group by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company’s stock valued at $205,678,000 after purchasing an additional 34,586 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after purchasing an additional 1,919,006 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of recent analyst reports. Citigroup lifted their price objective 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. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target 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. Finally, Benchmark restated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. One equities research 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. According to MarketBeat, Trip.com Group presently has an average rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM opened at $62.68 on Friday. The business’s 50 day moving average price is $65.69 and its 200-day moving average price is $64.40. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $40.37 billion, a PE ratio of 18.77, a P/E/G ratio of 0.67 and a beta of 0.38.

Trip.com Group Announces Dividend

The firm also recently announced 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 is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is 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.