Oaktree Capital Management LP Sells 74,301 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Oaktree Capital Management LP trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 717,222 shares of the company's stock after selling 74,301 shares during the period. Trip.com Group makes up about 0.9% of Oaktree Capital Management LP's holdings, making the stock its 22nd biggest holding. Oaktree Capital Management LP owned 0.11% of Trip.com Group worth $49,244,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. abrdn plc raised its stake in shares of Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after acquiring an additional 150 shares during the period. Principal Securities Inc. boosted its position in shares of 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 buying an additional 169 shares during the period. Rhumbline Advisers grew its position in Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock valued at $825,000 after acquiring an additional 184 shares in the last quarter. Blair William & Co. IL lifted its holdings in Trip.com Group by 4.3% in the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock worth $367,000 after buying an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Trip.com Group by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock valued at $875,000 after purchasing an additional 244 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

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Trip.com Group Stock Performance

TCOM stock traded down $2.06 on Thursday, reaching $61.52. 1,709,156 shares of the company were exchanged, compared to its average volume of 3,802,517. The stock's fifty day moving average price is $65.44 and its 200 day moving average price is $64.74. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. 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 firm has a market capitalization of $39.62 billion, a PE ratio of 18.42, a PEG ratio of 0.67 and a beta of 0.38.

Trip.com Group Announces Dividend

The business also recently disclosed 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 currently 8.02%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TCOM. Citigroup raised 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 report on Friday, January 3rd. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $77.08.

Trip.com Group Profile

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.