XTX Topco Ltd Decreases Stake in Trip.com Group Limited (NASDAQ:TCOM)

XTX Topco Ltd cut its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 76.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,834 shares of the company's stock after selling 12,778 shares during the quarter. XTX Topco Ltd's holdings in Trip.com Group were worth $263,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

TCOM has been the subject of a number of analyst reports. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Citigroup increased their price target 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. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. cut their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. One investment 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 stock. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Stock Down 0.2 %

TCOM opened at $57.52 on Friday. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week 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 business has a 50 day moving average price of $60.12 and a two-hundred day moving average price of $64.53. The company has a market cap of $37.05 billion, a PE ratio of 17.22, a P/E/G ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

The business also recently announced a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group's payout ratio is currently 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.

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