Cetera Investment Advisers Has $1.55 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Cetera Investment Advisers increased its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 24.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,538 shares of the company’s stock after buying an additional 4,386 shares during the period. Cetera Investment Advisers’ holdings in Trip.com Group were worth $1,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Trip.com Group in the 4th quarter valued at about $25,000. National Bank of Canada FI boosted its holdings in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after buying an additional 321 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. lifted its holdings in 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. Finally, Farther Finance Advisors LLC lifted its holdings in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after purchasing an additional 510 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TCOM shares. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Saturday, April 26th. JPMorgan Chase & Co. decreased their price target on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Mizuho upgraded Trip.com Group to a “strong-buy” rating in a research report on Friday, May 2nd. TD Securities lifted their target price on Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Benchmark reissued a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group has an average rating of “Buy” and a consensus price target of $77.98.

Trip.com Group Trading Down 5.5%

NASDAQ TCOM opened at $63.38 on Wednesday. The company has a market cap of $41.40 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The business has a 50 day moving average price of $60.40 and a 200-day moving average price of $64.56. 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 disclosed a — dividend, which was paid on Friday, April 4th. Stockholders 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 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.