Farther Finance Advisors LLC Grows Stake in Trip.com Group Limited (NASDAQ:TCOM)

Farther Finance Advisors LLC lifted its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 443.5% in the fourth quarter, Holdings Channel reports. The firm owned 625 shares of the company’s stock after buying an additional 510 shares during the period. Farther Finance Advisors LLC’s holdings in Trip.com Group were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TCOM. Atria Investments Inc purchased a new stake in shares of Trip.com Group during the third quarter worth about $232,000. Victory Capital Management Inc. boosted its position in Trip.com Group by 45.5% during the third quarter. Victory Capital Management Inc. now owns 10,985 shares of the company’s stock worth $653,000 after acquiring an additional 3,433 shares during the last quarter. Natixis Advisors LLC boosted its position in Trip.com Group by 10.0% during the third quarter. Natixis Advisors LLC now owns 42,561 shares of the company’s stock worth $2,529,000 after acquiring an additional 3,883 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Trip.com Group by 85.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock worth $23,478,000 after acquiring an additional 182,403 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Trip.com Group by 45.6% in the 3rd quarter. Citigroup Inc. now owns 310,154 shares of the company’s stock valued at $18,432,000 after purchasing an additional 97,067 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Down 0.5 %

TCOM stock opened at $64.23 on Monday. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The stock has a market capitalization of $41.37 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a fifty day moving average of $65.84 and a 200-day moving average of $63.95.

Trip.com Group Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group’s dividend payout ratio is presently 8.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TCOM shares. 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 report on Friday, January 3rd. Benchmark reissued a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of 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. Finally, StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price 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.