Nomura Asset Management Co. Ltd. Makes New Investment in Trip.com Group Limited (NASDAQ:TCOM)

Nomura Asset Management Co. Ltd. bought a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,591 shares of the company’s stock, valued at approximately $1,345,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new position in shares of Trip.com Group in the 4th quarter worth approximately $25,000. 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 buying an additional 449 shares during the last quarter. Principal Securities Inc. boosted its stake in Trip.com Group by 46.8% during 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 period. Farther Finance Advisors LLC raised its stake in shares of Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after acquiring an additional 510 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Trip.com Group in the fourth quarter valued at $94,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 0.6 %

Shares of Trip.com Group stock opened at $63.58 on Thursday. 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 stock has a market cap of $40.95 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 0.67 and a beta of 0.38. The firm’s 50-day moving average is $65.44 and its two-hundred day moving average is $64.74. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18.

Trip.com Group Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, March 17th. Trip.com Group’s payout ratio is 8.02%.

Wall Street Analyst Weigh In

TCOM has been the topic of several analyst reports. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Citigroup upped their target price on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Benchmark reissued a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut 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. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.