120,844 Shares in Trip.com Group Limited (NASDAQ:TCOM) Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) in the fourth quarter, Holdings Channel reports. The fund bought 120,844 shares of the company’s stock, valued at approximately $8,297,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fisher Asset Management LLC boosted its position in shares of Trip.com Group by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company’s stock valued at $205,678,000 after acquiring an additional 34,586 shares during the period. Wellington Management Group LLP boosted its holdings in 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. Trivest Advisors Ltd grew its position in shares of Trip.com Group by 56.5% during the 4th quarter. Trivest Advisors Ltd now owns 1,657,000 shares of the company’s stock valued at $113,770,000 after purchasing an additional 598,000 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Trip.com Group by 58.1% in the fourth quarter. American Century Companies Inc. now owns 1,258,031 shares of the company’s stock worth $86,376,000 after purchasing an additional 462,090 shares during the period. Finally, Sei Investments Co. raised its position in shares of Trip.com Group by 27.5% in the fourth 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 in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

Trip.com Group stock opened at $55.89 on Monday. The firm has a fifty day simple moving average of $64.99 and a two-hundred day simple moving average of $65.04. 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 Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The company has a market capitalization of $36.00 billion, a PE ratio of 16.73, a P/E/G ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Benchmark restated a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. Citigroup upped their price objective 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. JPMorgan Chase & Co. dropped 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 report on Thursday, February 27th. Finally, StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. One 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 data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price 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.