Oaktree Fund Advisors LLC trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,465 shares of the company's stock after selling 10,635 shares during the period. Trip.com Group comprises approximately 5.4% of Oaktree Fund Advisors LLC's investment portfolio, making the stock its 6th largest holding. Oaktree Fund Advisors LLC's holdings in Trip.com Group were worth $3,190,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aspex Management HK Ltd purchased a new stake in Trip.com Group in the third quarter worth $128,962,000. Wellington Management Group LLP increased its holdings in Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company's stock worth $134,493,000 after acquiring an additional 1,919,006 shares during the last quarter. ARGA Investment Management LP raised its stake in Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock valued at $350,602,000 after acquiring an additional 1,884,044 shares during the period. Wasatch Advisors LP bought a new stake in Trip.com Group in the 3rd quarter valued at about $73,336,000. Finally, Norges Bank purchased a new stake in Trip.com Group during the fourth quarter valued at about $67,473,000. 35.41% of the stock is owned by hedge funds and other institutional investors.
Trip.com Group Price Performance
NASDAQ:TCOM traded down $0.41 during trading hours on Tuesday, hitting $63.17. 2,728,005 shares of the company's stock traded hands, compared to its average volume of 3,944,610. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The business's fifty day simple moving average is $65.62 and its two-hundred day simple moving average is $64.64. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market cap of $40.69 billion, a P/E ratio of 18.91, a P/E/G ratio of 0.67 and a beta of 0.38.
Trip.com Group Announces Dividend
The firm also recently disclosed a -- dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's payout ratio is 8.02%.
Analyst Ratings Changes
TCOM has been the subject of several recent research reports. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Citigroup boosted their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target 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 given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Trip.com Group presently has a consensus rating of "Buy" and a consensus price target of $77.08.
View Our Latest Report on TCOM
About Trip.com Group
(
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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