Hsbc Holdings PLC Has $1.82 Million Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Hsbc Holdings PLC lowered its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 91.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,455 shares of the company's stock after selling 288,894 shares during the period. Hsbc Holdings PLC's holdings in Trip.com Group were worth $1,817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Oxbow Capital Management HK Ltd raised its position in Trip.com Group by 39.7% in the 4th quarter. Oxbow Capital Management HK Ltd now owns 628,856 shares of the company's stock valued at $43,177,000 after purchasing an additional 178,856 shares during the last quarter. Stifel Financial Corp lifted its position in Trip.com Group by 28.2% during the 4th quarter. Stifel Financial Corp now owns 22,054 shares of the company's stock worth $1,514,000 after buying an additional 4,854 shares in the last quarter. MML Investors Services LLC grew its holdings in Trip.com Group by 44.0% during the 4th quarter. MML Investors Services LLC now owns 20,345 shares of the company's stock worth $1,397,000 after acquiring an additional 6,219 shares during the last quarter. Natixis grew its holdings in Trip.com Group by 13.1% during the 4th quarter. Natixis now owns 2,703 shares of the company's stock worth $186,000 after acquiring an additional 313 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Trip.com Group by 127.8% in the 4th quarter. First Trust Advisors LP now owns 83,700 shares of the company's stock valued at $5,747,000 after acquiring an additional 46,957 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TCOM shares. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. 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. Finally, JPMorgan Chase & Co. dropped 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 research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Trading Up 0.5 %

Shares of TCOM stock traded up $0.32 on Monday, reaching $60.49. The company had a trading volume of 2,190,340 shares, compared to its average volume of 4,042,475. The stock has a market cap of $39.52 billion, a PE ratio of 18.11, a PEG ratio of 0.67 and a beta of 0.08. The company has a 50-day moving average of $59.61 and a 200-day moving average of $64.50. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. 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 company also recently announced a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's payout ratio is presently 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.