Dymon Asia Capital Singapore PTE. LTD. cut its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 82.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 18,418 shares of the company's stock after selling 84,877 shares during the period. Trip.com Group comprises about 0.3% of Dymon Asia Capital Singapore PTE. LTD.'s holdings, making the stock its 18th biggest holding. Dymon Asia Capital Singapore PTE. LTD.'s holdings in Trip.com Group were worth $1,265,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of TCOM. FMR LLC lifted its position in Trip.com Group by 125.5% during the fourth quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after buying an additional 13,964,875 shares in the last quarter. Wellington Management Group LLP raised its holdings in Trip.com Group by 92.9% in the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after buying an additional 2,101,937 shares during the period. Norges Bank purchased a new stake in shares of Trip.com Group in the 4th quarter valued at approximately $67,473,000. FIL Ltd lifted its stake in Trip.com Group by 8.8% during the fourth quarter. FIL Ltd now owns 8,453,025 shares of the company's stock worth $580,385,000 after purchasing an additional 684,364 shares in the last quarter. Finally, Amundi lifted its stake in Trip.com Group by 203.2% during the 4th quarter. Amundi now owns 996,123 shares of the company's stock worth $64,648,000 after acquiring an additional 667,589 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.
Trip.com Group Stock Performance
Trip.com Group stock traded up $2.02 during mid-day trading on Monday, reaching $56.75. 7,495,063 shares of the company were exchanged, compared to its average volume of 4,037,267. 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 firm has a market cap of $36.55 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The firm's 50-day simple moving average is $62.52 and its two-hundred day simple moving average is $65.08. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18.
Trip.com Group Dividend Announcement
The company also recently declared a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio is currently 8.02%.
Wall Street Analyst Weigh In
TCOM has been the topic of a number of recent research reports. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Citigroup lifted 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. Finally, JPMorgan Chase & Co. lowered their price objective on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and an average price target of $77.08.
Read Our Latest Stock Analysis on Trip.com Group
Trip.com Group Company 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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