U S Global Investors Inc. decreased its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,601 shares of the company's stock after selling 65,265 shares during the period. Trip.com Group accounts for 1.0% of U S Global Investors Inc.'s investment portfolio, making the stock its 21st biggest holding. U S Global Investors Inc.'s holdings in Trip.com Group were worth $10,203,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Trip.com Group during the 4th quarter valued at approximately $25,000. Principal Securities Inc. increased its position in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares during the period. RPg Family Wealth Advisory LLC acquired a new position in Trip.com Group during the 3rd quarter valued at $38,000. Empowered Funds LLC bought a new stake in Trip.com Group in the 4th quarter valued at $136,000. Finally, M&T Bank Corp acquired a new stake in Trip.com Group in the 3rd quarter worth $224,000. 35.41% of the stock is owned by institutional investors and hedge funds.
Trip.com Group Price Performance
Trip.com Group stock traded up $1.55 during trading hours on Tuesday, hitting $59.36. 5,288,986 shares of the stock were exchanged, compared to its average volume of 3,828,471. The stock has a market capitalization of $38.23 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.67 and a beta of 0.37. The business's 50-day moving average is $67.09 and its two-hundred day moving average is $62.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18.
Trip.com Group Announces Dividend
The firm also recently disclosed a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's payout ratio is 8.60%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Macquarie lifted their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Sanford C. Bernstein started coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an "outperform" rating and a $85.00 price target on the stock. HSBC raised shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a report on Tuesday, November 19th. Finally, Hsbc Global Res raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. One investment 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $77.08.
Read Our Latest Analysis on Trip.com Group
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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