Trip.com Group Target of Unusually Large Options Trading (NASDAQ:TCOM)

Trip.com Group Limited (NASDAQ:TCOM) saw some unusual options trading on Thursday. Stock traders acquired 4,421 call options on the stock. This is an increase of 66% compared to the typical volume of 2,662 call options.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TCOM. Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Citigroup increased their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Trip.com Group has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Performance

TCOM stock opened at $54.73 on Friday. The stock’s 50 day simple moving average is $62.52 and its 200 day simple moving average is $65.02. Trip.com Group has a 12-month low of $38.23 and a 12-month high of $77.18. The firm has a market cap of $35.25 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.67 and a beta of 0.12. 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 Dividend Announcement

The company also recently declared a — dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is 8.02%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TCOM. Brooklyn Investment Group bought a new stake in shares of Trip.com Group during the 4th quarter worth about $25,000. National Bank of Canada FI raised its holdings in Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock worth $32,000 after purchasing an additional 321 shares in the last quarter. Rakuten Securities Inc. lifted its position in Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. boosted its stake in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after purchasing an additional 510 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

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.