NS Partners Ltd reduced its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 768,500 shares of the company's stock after selling 67,400 shares during the period. Trip.com Group comprises 2.2% of NS Partners Ltd's holdings, making the stock its 10th largest position. NS Partners Ltd owned about 0.12% of Trip.com Group worth $52,765,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company's stock worth $661,086,000 after acquiring an additional 2,749,365 shares during the last quarter. Sanders Capital LLC boosted its stake in shares of Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company's stock worth $568,531,000 after acquiring an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP boosted its stake in shares of Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock worth $350,602,000 after acquiring an additional 1,884,044 shares during the last quarter. Cantillon Capital Management LLC boosted its stake in shares of Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock worth $289,328,000 after acquiring an additional 629,508 shares during the last quarter. Finally, CoreView Capital Management Ltd boosted its stake in Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company's stock worth $277,905,000 after buying an additional 639,000 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TCOM. TD Cowen boosted their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Barclays boosted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Mizuho boosted their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, 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. One 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.
View Our Latest Stock Analysis on Trip.com Group
Trip.com Group Stock Up 0.0 %
TCOM stock traded up $0.03 during mid-day trading on Wednesday, reaching $61.62. The company had a trading volume of 4,459,273 shares, compared to its average volume of 3,867,639. 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 company has a market capitalization of $39.69 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The firm has a fifty day simple moving average of $66.07 and a 200 day simple moving average of $62.94. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.
Trip.com Group Announces Dividend
The business also recently declared a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio is currently 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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