Wellington Management Group LLP Purchases 2,101,937 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Wellington Management Group LLP boosted its position in Trip.com Group Limited (NASDAQ:TCOM) by 92.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,364,985 shares of the company’s stock after purchasing an additional 2,101,937 shares during the period. Wellington Management Group LLP’s holdings in Trip.com Group were worth $299,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Headwater Capital Co Ltd bought a new stake in Trip.com Group in the fourth quarter worth about $13,732,000. WT Asset Management Ltd raised its holdings in shares of Trip.com Group by 92.3% in the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock worth $3,050,000 after purchasing an additional 21,316 shares during the period. BOCHK Asset Management Ltd lifted its stake in Trip.com Group by 85.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company’s stock valued at $893,000 after purchasing an additional 6,000 shares during the last quarter. Capital Advisory Group Advisory Services LLC bought a new position in Trip.com Group during the fourth quarter valued at $381,000. Finally, Flow Traders U.S. LLC purchased a new stake in Trip.com Group in the third quarter worth $922,000. 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 a number of recent research reports. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Benchmark reaffirmed a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Finally, Citigroup upped their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Stock Down 0.6 %

Shares of NASDAQ:TCOM opened at $63.17 on Wednesday. The firm has a fifty day moving average price of $65.50 and a two-hundred day moving average price of $64.75. The company has a market cap of $40.69 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18.

Trip.com Group Dividend Announcement

The firm 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 payout ratio 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.