OVERSEA CHINESE BANKING Corp Ltd Grows Position in Trip.com Group Limited (NASDAQ:TCOM)

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 133.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,252 shares of the company's stock after buying an additional 7,583 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Trip.com Group were worth $935,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TCOM. abrdn plc grew its position in Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after buying an additional 150 shares during the period. Principal Securities Inc. boosted its stake in shares of 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 acquiring an additional 169 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after acquiring an additional 184 shares during the period. Sequoia Financial Advisors LLC increased its stake in 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. Finally, Smartleaf Asset Management LLC raised its holdings in 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 purchasing an additional 250 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several analysts have weighed in on TCOM shares. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. 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, Citigroup upped their price target 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. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $77.08.

Trip.com Group Trading Down 0.5 %

TCOM traded down $0.32 during midday trading on Monday, hitting $63.91. The company's 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 52-week low of $38.23 and a 52-week high of $77.18. The firm has a 50-day moving average price of $65.84 and a two-hundred day moving average price of $63.95. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market cap of $41.16 billion, a P/E ratio of 19.13, a PEG ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

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

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.