Raymond James Financial Inc. Takes $4.19 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

Raymond James Financial Inc. acquired a new position in Trip.com Group Limited (NASDAQ:TCOM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 61,055 shares of the company’s stock, valued at approximately $4,192,000.

Several other large investors have also added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in Trip.com Group in the fourth quarter valued at approximately $25,000. Principal Securities Inc. raised its holdings in shares of Trip.com Group by 46.8% during the fourth 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 period. RPg Family Wealth Advisory LLC bought a new position in shares of Trip.com Group during the 3rd quarter worth about $38,000. SBI Securities Co. Ltd. bought a new position in Trip.com Group in the fourth quarter worth approximately $94,000. Finally, Empowered Funds LLC bought a new position in shares of Trip.com Group in the 4th quarter worth $136,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TCOM. Benchmark reaffirmed a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Finally, Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Stock Down 0.9 %

Shares of NASDAQ:TCOM opened at $63.11 on Thursday. The firm has a fifty day moving average of $65.79 and a 200 day moving average of $64.17. 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. The firm has a market capitalization of $40.65 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

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