Envestnet Asset Management Inc. Boosts Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Envestnet Asset Management Inc. raised its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,104 shares of the company’s stock after purchasing an additional 28,107 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Trip.com Group were worth $9,894,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Schroder Investment Management Group raised its stake in Trip.com Group by 2.1% during the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company’s stock valued at $700,115,000 after buying an additional 213,381 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after acquiring an additional 2,101,937 shares during the period. Fisher Asset Management LLC grew its position in Trip.com Group by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company’s stock worth $205,678,000 after purchasing an additional 34,586 shares during the period. Trivest Advisors Ltd increased its position in 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 during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Trip.com Group by 58.1% during the 4th quarter. American Century Companies Inc. now owns 1,258,031 shares of the company’s stock valued at $86,376,000 after purchasing an additional 462,090 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TCOM shares. Citigroup raised their target price on 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 set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective 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. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group has a consensus rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Stock Down 1.3 %

Shares of NASDAQ TCOM opened at $54.85 on Friday. The stock has a 50 day moving average price of $61.28 and a 200 day moving average price of $64.83. The firm has a market capitalization 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 debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Dividend Announcement

The company also recently declared a — dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group’s 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.