Bank Julius Baer & Co. Ltd Zurich Makes New Investment in Trip.com Group Limited (NASDAQ:TCOM)

Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,595 shares of the company’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brooklyn Investment Group acquired a new stake in Trip.com Group in the 4th quarter worth approximately $25,000. Principal Securities Inc. lifted its stake 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 buying an additional 169 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group during the 3rd quarter worth $38,000. SBI Securities Co. Ltd. acquired a new position in Trip.com Group in the 4th quarter valued at $94,000. Finally, Empowered Funds LLC bought a new position in Trip.com Group in the 4th quarter worth $136,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Down 1.0 %

TCOM opened at $61.59 on Wednesday. The company has a market capitalization of $39.67 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s fifty day moving average price is $66.07 and its two-hundred day moving average price is $62.94. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.

Trip.com Group Announces Dividend

The firm also recently announced 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 of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is currently 8.02%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays upped their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. TD Cowen lifted their price target on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, November 19th. Finally, Citigroup boosted their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. One investment 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 company’s stock. According to MarketBeat, Trip.com Group currently has an average rating of “Buy” and a consensus price target of $77.08.

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.