E Fund Management Co. Ltd. lessened its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 44.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,910 shares of the company's stock after selling 14,922 shares during the quarter. E Fund Management Co. Ltd.'s holdings in Trip.com Group were worth $1,298,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in TCOM. Brooklyn Investment Group purchased a new stake in Trip.com Group during the 4th quarter valued at approximately $25,000. Principal Securities Inc. grew 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 valued at $36,000 after acquiring an additional 169 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group in the 3rd quarter valued at $38,000. SBI Securities Co. Ltd. purchased a new stake in Trip.com Group in the 4th quarter worth $94,000. Finally, Empowered Funds LLC bought a new position in shares of Trip.com Group during the 4th quarter valued at about $136,000. 35.41% of the stock is owned by hedge funds and other institutional investors.
Trip.com Group Trading Down 1.0 %
Shares of TCOM stock traded down $0.63 during trading hours on Tuesday, reaching $61.59. 4,726,664 shares of the stock were exchanged, compared to its average volume of 3,862,362. The firm has a market capitalization of $39.67 billion, a price-to-earnings ratio of 18.44, 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. The company's 50-day moving average price is $66.21 and its 200-day moving average price is $62.81. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.
Trip.com Group Dividend Announcement
The firm also recently announced a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 8.02%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Citigroup lifted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Barclays raised their price target on Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. TD Cowen upped their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Macquarie raised their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Finally, HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $77.08.
Check Out Our Latest Analysis on TCOM
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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