Alliancebernstein L.P. Makes New $1.36 Million Investment in Trip.com Group Limited (NASDAQ:TCOM)

Alliancebernstein L.P. bought a new position in Trip.com Group Limited (NASDAQ:TCOM) during the 4th quarter, HoldingsChannel reports. The fund bought 19,774 shares of the company’s stock, valued at approximately $1,358,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Trip.com Group by 92.9% during the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock valued at $299,700,000 after purchasing an additional 2,101,937 shares in the last quarter. Norges Bank bought a new position in Trip.com Group during the 4th quarter valued at approximately $67,473,000. Amundi raised its stake in Trip.com Group by 203.2% during the fourth quarter. Amundi now owns 996,123 shares of the company’s stock valued at $64,648,000 after buying an additional 667,589 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Trip.com Group by 5,490.3% in the fourth quarter. Victory Capital Management Inc. now owns 614,089 shares of the company’s stock worth $42,163,000 after acquiring an additional 603,104 shares during the last quarter. Finally, Trivest Advisors Ltd increased its holdings in shares of Trip.com Group by 56.5% during the fourth quarter. Trivest Advisors Ltd now owns 1,657,000 shares of the company’s stock valued at $113,770,000 after acquiring an additional 598,000 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Trading Down 1.3 %

Shares of NASDAQ:TCOM opened at $54.85 on Friday. The business has a 50-day moving average price of $61.28 and a 200-day moving average price of $64.83. The stock has a market cap of $35.33 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 0.67 and a beta of 0.12. 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 Dividend Announcement

The company also recently declared 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 of this dividend was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is presently 8.02%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TCOM shares. Citigroup upped their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Benchmark reissued a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their target price 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. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $77.08.

Trip.com Group Company 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.