Thornburg Investment Management Inc. reduced its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,629 shares of the company's stock after selling 14,710 shares during the period. Thornburg Investment Management Inc.'s holdings in Trip.com Group were worth $9,930,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of TCOM. abrdn plc raised its holdings in shares of Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after buying an additional 150 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after purchasing an additional 169 shares during the period. Rhumbline Advisers raised its stake in Trip.com Group by 1.6% during the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after buying an additional 184 shares during the period. Blair William & Co. IL raised its stake in Trip.com Group by 4.3% during the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock worth $367,000 after buying an additional 219 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of 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 during the period. 35.41% of the stock is owned by institutional investors and hedge funds.
Trip.com Group Trading Down 5.5%
Shares of NASDAQ:TCOM traded down $3.72 during trading hours on Tuesday, hitting $63.38. 7,596,174 shares of the company's stock traded hands, compared to its average volume of 4,024,809. The business has a fifty day moving average price of $60.40 and a 200-day moving average price of $64.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The firm has a market capitalization of $41.40 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08.
Trip.com Group Dividend Announcement
The company also recently announced a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's payout ratio is 8.02%.
Analyst Ratings Changes
A number of research firms recently commented on TCOM. Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. TD Securities boosted their price objective on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on 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 equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Trip.com Group currently has an average rating of "Buy" and an average target price of $77.98.
Get Our Latest Analysis 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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