Mitsubishi UFJ Trust & Banking Corp Increases Stake in Trip.com Group Limited (NASDAQ:TCOM)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Trip.com Group Limited (NASDAQ:TCOM) by 17.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,557 shares of the company’s stock after buying an additional 4,325 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Trip.com Group were worth $2,029,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Prudential Financial Inc. grew its stake in Trip.com Group by 10.8% in the fourth quarter. Prudential Financial Inc. now owns 107,200 shares of the company’s stock worth $7,360,000 after purchasing an additional 10,471 shares during the period. Sei Investments Co. grew its position in shares of Trip.com Group by 27.5% in the 4th quarter. Sei Investments Co. now owns 1,232,292 shares of the company’s stock worth $84,609,000 after buying an additional 265,436 shares during the period. American Century Companies Inc. increased its stake in shares of Trip.com Group by 58.1% in the 4th quarter. American Century Companies Inc. now owns 1,258,031 shares of the company’s stock worth $86,376,000 after acquiring an additional 462,090 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Trip.com Group by 112.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 6,744 shares of the company’s stock valued at $463,000 after acquiring an additional 3,571 shares during the period. Finally, Whittier Trust Co. boosted its stake in Trip.com Group by 54.9% during the fourth quarter. Whittier Trust Co. now owns 29,393 shares of the company’s stock worth $2,018,000 after acquiring an additional 10,412 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $63.58 on Tuesday. The firm has a market capitalization of $40.95 billion, a PE ratio of 19.04, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a 50 day moving average price of $65.62 and a 200-day moving average price of $64.64. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. 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 Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Benchmark reiterated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. Citigroup boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. One equities research 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 company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $77.08.

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.