Harvest Fund Management Co. Ltd Purchases 38,503 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Harvest Fund Management Co. Ltd raised its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 58.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,734 shares of the company’s stock after acquiring an additional 38,503 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Trip.com Group were worth $7,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. abrdn plc increased its position in Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after acquiring an additional 150 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after purchasing an additional 184 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock worth $875,000 after purchasing an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Trip.com Group by 6.7% in the fourth 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. Institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TCOM. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Tuesday, November 19th. Barclays upped their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, TD Cowen increased their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Stock Performance

TCOM stock opened at $66.09 on Wednesday. The firm has a market cap of $42.57 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 0.67 and a beta of 0.38. The firm has a 50-day simple moving average of $65.78 and a two-hundred day simple moving average of $63.57. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, April 4th. Shareholders 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 payout ratio is 8.02%.

Trip.com Group 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.