Contrarius Group Holdings Ltd bought a new stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 357,598 shares of the company's stock, valued at approximately $24,553,000. Trip.com Group accounts for about 1.5% of Contrarius Group Holdings Ltd's investment portfolio, making the stock its 19th biggest holding. Contrarius Group Holdings Ltd owned 0.06% of Trip.com Group as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in TCOM. Trivest Advisors Ltd boosted its position in Trip.com Group by 56.5% in the 4th quarter. Trivest Advisors Ltd now owns 1,657,000 shares of the company's stock valued at $113,770,000 after buying an additional 598,000 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of Trip.com Group by 58.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 104,734 shares of the company's stock worth $7,172,000 after acquiring an additional 38,503 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Trip.com Group by 133.8% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 13,252 shares of the company's stock valued at $935,000 after purchasing an additional 7,583 shares during the last quarter. Corient Private Wealth LLC grew its stake in Trip.com Group by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 8,761 shares of the company's stock valued at $602,000 after purchasing an additional 304 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Trip.com Group by 8.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,132 shares of the company's stock valued at $490,000 after purchasing an additional 544 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently commented on TCOM. Citigroup increased 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. JPMorgan Chase & Co. reduced their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Trip.com Group currently has an average rating of "Buy" and an average target price of $77.08.
View Our Latest Stock Report on TCOM
Trip.com Group Stock Performance
Shares of NASDAQ:TCOM traded down $0.32 during trading on Monday, reaching $63.91. 3,916,677 shares of the company's stock traded hands, compared to its average volume of 3,884,276. 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 company has a 50 day moving average of $65.84 and a 200-day moving average of $64.06. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The stock has a market capitalization of $41.16 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.
Trip.com Group Announces Dividend
The business also recently declared 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 payout ratio is 8.02%.
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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