AIA Group Ltd reduced its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,098 shares of the company's stock after selling 26,090 shares during the period. AIA Group Ltd's holdings in Trip.com Group were worth $8,589,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of TCOM. Headwater Capital Co Ltd bought a new stake in Trip.com Group during the 4th quarter worth approximately $13,732,000. WT Asset Management Ltd raised its position in shares of Trip.com Group by 92.3% during the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after buying an additional 21,316 shares during the last quarter. BOCHK Asset Management Ltd lifted its holdings in shares of Trip.com Group by 85.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock worth $893,000 after buying an additional 6,000 shares in the last quarter. Capital Advisory Group Advisory Services LLC bought a new position in shares of Trip.com Group during the fourth quarter worth $381,000. Finally, Flow Traders U.S. LLC purchased a new position in Trip.com Group during the third quarter valued at $922,000. Hedge funds and other institutional investors own 35.41% of the company's stock.
Trip.com Group Trading Down 8.1 %
NASDAQ TCOM traded down $4.97 during trading on Friday, hitting $56.23. The stock had a trading volume of 3,456,592 shares, compared to its average volume of 3,827,634. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The stock has a 50 day simple moving average of $65.30 and a 200 day simple moving average of $64.72. The stock has a market capitalization of $36.21 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 0.67 and a beta of 0.12. 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 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 is Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is 8.02%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Citigroup boosted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Benchmark restated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. 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 report on Thursday, February 27th. Finally, StockNews.com lowered 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 given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Trip.com Group presently has an average rating of "Buy" and an average price target of $77.08.
Read Our Latest Stock Report on Trip.com Group
Trip.com Group Profile
(
Free Report)
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.
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