Trip.com Group Limited (NASDAQ:TCOM) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 114.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 797,786 shares of the company’s stock after buying an additional 425,766 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Trip.com Group worth $54,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of TCOM. abrdn plc boosted its stake in shares of Trip.com Group by 0.5% in the fourth quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after purchasing an additional 150 shares during the period. Principal Securities Inc. grew 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 worth $36,000 after acquiring an additional 169 shares in the last quarter. Rhumbline Advisers increased its position in shares of Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock valued at $825,000 after purchasing an additional 184 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Trip.com Group by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock valued at $875,000 after purchasing an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Trip.com Group by 6.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company’s stock worth $272,000 after purchasing an additional 250 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Citigroup increased their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Barclays boosted their target price on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Benchmark reiterated a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. Finally, Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. One equities 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. According to MarketBeat.com, Trip.com Group has an average rating of “Buy” and an average price target of $77.08.

Trip.com Group Price Performance

TCOM stock opened at $61.62 on Thursday. The company has a market capitalization of $39.69 billion, a P/E ratio of 18.45, a PEG ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The business has a 50 day simple moving average of $65.93 and a 200-day simple moving average of $62.93. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Announces Dividend

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

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.