Artisan Partners Limited Partnership reduced its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 323,323 shares of the company's stock after selling 20,111 shares during the quarter. Artisan Partners Limited Partnership owned 0.05% of Trip.com Group worth $22,199,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in TCOM. abrdn plc increased its stake in shares of Trip.com Group by 0.5% in the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after buying an additional 150 shares during the last quarter. Principal Securities Inc. increased its position in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after purchasing an additional 169 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Trip.com Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after purchasing an additional 184 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after purchasing an additional 244 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Trip.com Group by 6.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company's stock valued at $272,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.
Trip.com Group Stock Performance
Shares of TCOM traded down $0.69 during mid-day trading on Tuesday, reaching $62.89. 2,108,146 shares of the company's stock traded hands, compared to its average volume of 3,942,546. 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 business's 50-day moving average price is $65.62 and its 200-day moving average price is $64.64. The stock has a market capitalization of $40.51 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18.
Trip.com Group Dividend Announcement
The firm also recently declared a -- dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's payout ratio is 8.02%.
Analysts Set New Price Targets
TCOM has been the subject of a number of research analyst reports. StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Citigroup boosted their target price 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. JPMorgan Chase & Co. reduced their price target on shares of 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. Finally, Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. One investment 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, the company presently has an average rating of "Buy" and a consensus price target of $77.08.
View Our Latest Stock Analysis on TCOM
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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