SIH Partners LLLP Sells 61,650 Shares of Trip.com Group Limited (NASDAQ:TCOM)

SIH Partners LLLP lowered its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 68.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,050 shares of the company's stock after selling 61,650 shares during the period. SIH Partners LLLP's holdings in Trip.com Group were worth $1,926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its position in Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after buying an additional 13,964,875 shares during the period. Schroder Investment Management Group grew its stake in shares of Trip.com Group by 2.1% in the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock valued at $700,115,000 after acquiring an additional 213,381 shares in the last quarter. Sanders Capital LLC grew its stake in shares of Trip.com Group by 1.4% in the fourth quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock valued at $665,854,000 after acquiring an additional 131,443 shares in the last quarter. FIL Ltd increased its position in Trip.com Group by 8.8% during the fourth quarter. FIL Ltd now owns 8,453,025 shares of the company's stock worth $580,385,000 after acquiring an additional 684,364 shares during the period. Finally, Capital International Investors raised its stake in Trip.com Group by 0.7% in the 4th quarter. Capital International Investors now owns 8,079,203 shares of the company's stock worth $554,717,000 after purchasing an additional 53,784 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on TCOM shares. 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. 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 note on Friday, January 3rd. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday. Finally, JPMorgan Chase & Co. reduced their target price on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $77.08.

Trip.com Group Price Performance

NASDAQ:TCOM traded down $0.14 during trading hours on Friday, hitting $57.52. The company's stock had a trading volume of 2,964,510 shares, compared to its average volume of 4,078,339. Trip.com Group Limited has a twelve month low of $38.23 and a twelve 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 stock has a fifty day simple moving average of $60.12 and a 200-day simple moving average of $64.53. The company has a market capitalization of $37.05 billion, a P/E ratio of 17.22, a PEG ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

The business also recently declared a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 8.02%.

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.