Oxbow Capital Management HK Ltd Raises Stake in Trip.com Group Limited (NASDAQ:TCOM)

Oxbow Capital Management HK Ltd grew its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 39.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 628,856 shares of the company's stock after buying an additional 178,856 shares during the quarter. Trip.com Group makes up approximately 15.3% of Oxbow Capital Management HK Ltd's portfolio, making the stock its 3rd largest position. Oxbow Capital Management HK Ltd owned approximately 0.10% of Trip.com Group worth $43,177,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in Trip.com Group in the 4th quarter worth approximately $25,000. National Bank of Canada FI lifted its holdings in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after buying an additional 449 shares during the period. Principal Securities Inc. grew its holdings in shares of 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 buying an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after buying an additional 510 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Stock Down 0.2 %

NASDAQ:TCOM traded down $0.14 during trading hours on Friday, reaching $57.52. The company's stock had a trading volume of 2,964,510 shares, compared to its average volume of 4,072,269. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The business's 50-day moving average is $60.31 and its 200-day moving average is $64.56. The company has a market cap of $37.05 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. 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 business also recently announced a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is currently 8.02%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TCOM. Citigroup raised their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. 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. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Company 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.