Greenwoods Asset Management Hong Kong Ltd. Sells 56,329 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Greenwoods Asset Management Hong Kong Ltd. reduced its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 24.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 175,236 shares of the company's stock after selling 56,329 shares during the quarter. Trip.com Group makes up about 0.4% of Greenwoods Asset Management Hong Kong Ltd.'s holdings, making the stock its 23rd biggest holding. Greenwoods Asset Management Hong Kong Ltd.'s holdings in Trip.com Group were worth $12,032,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Trip.com Group in the 4th quarter worth approximately $25,000. Principal Securities Inc. lifted its stake in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group in the third quarter valued at $38,000. SBI Securities Co. Ltd. purchased a new position in Trip.com Group during the 4th quarter valued at $94,000. Finally, Empowered Funds LLC bought a new position in Trip.com Group in the 4th quarter worth $136,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TCOM shares. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Macquarie raised their target price on Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. HSBC raised Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research note on Tuesday, November 19th. Finally, Barclays raised their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. One investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $77.08.

Remove Ads

Trip.com Group Stock Down 1.0 %

Trip.com Group stock traded down $0.63 during mid-day trading on Tuesday, reaching $61.59. The stock had a trading volume of 4,726,664 shares, compared to its average volume of 3,862,362. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company has a 50-day moving average price of $66.21 and a two-hundred day moving average price of $62.81. The company has a market capitalization of $39.67 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Announces Dividend

The company also recently announced 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 dividend payout ratio is presently 8.02%.

About Trip.com Group

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.