William Blair Investment Management LLC decreased its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,919 shares of the company's stock after selling 4,482 shares during the quarter. William Blair Investment Management LLC's holdings in Trip.com Group were worth $3,015,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. abrdn plc increased its holdings in shares of Trip.com Group by 0.5% in the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after acquiring an additional 150 shares in the last quarter. Principal Securities Inc. raised its holdings in Trip.com Group by 46.8% during the 4th 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 boosted its holdings in shares of 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 buying an additional 184 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock valued at $875,000 after buying an additional 244 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Trip.com Group by 6.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company's stock worth $272,000 after acquiring an additional 250 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.
Trip.com Group Stock Performance
Shares of TCOM stock traded down $0.32 on Monday, reaching $63.91. The stock had a trading volume of 3,916,677 shares, compared to its average volume of 3,884,275. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. 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 capitalization of $41.16 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.67 and a beta of 0.38. The firm's 50-day moving average is $65.84 and its two-hundred day moving average is $63.95.
Trip.com Group Dividend Announcement
The business also recently disclosed a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is 8.02%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced 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. Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, 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 note on Friday, January 3rd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $77.08.
Get Our Latest Stock Report on TCOM
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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