Northern Trust Corp Raises Position in Trip.com Group Limited (NASDAQ:TCOM)

Northern Trust Corp boosted its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 51.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 564,132 shares of the company’s stock after acquiring an additional 190,783 shares during the quarter. Northern Trust Corp owned 0.09% of Trip.com Group worth $38,733,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TCOM. abrdn plc grew its position in Trip.com Group by 0.5% in the fourth quarter. abrdn plc now owns 29,598 shares of the company’s stock worth $2,032,000 after acquiring an additional 150 shares in the last quarter. Principal Securities Inc. increased its position in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Trip.com Group by 1.6% during the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock valued at $825,000 after buying an additional 184 shares in the last quarter. Blair William & Co. IL lifted its position in Trip.com Group by 4.3% in the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock worth $367,000 after buying an additional 219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock worth $875,000 after buying an additional 244 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Down 0.9 %

Shares of Trip.com Group stock opened at $61.43 on Friday. The company’s fifty day simple moving average is $59.97 and its two-hundred day simple moving average is $64.47. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. 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 company has a market cap of $40.13 billion, a P/E ratio of 18.39, a PEG ratio of 0.67 and a beta of 0.08.

Trip.com Group Announces Dividend

The business also recently disclosed a — dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is presently 8.02%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TCOM shares. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Saturday, April 26th. JPMorgan Chase & Co. decreased their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, Mizuho raised Trip.com Group to a “strong-buy” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of “Buy” and an average price target of $77.08.

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.