Lighthouse Investment Partners LLC Has $1.73 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

Lighthouse Investment Partners LLC decreased its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 69.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,196 shares of the company's stock after selling 56,771 shares during the period. Lighthouse Investment Partners LLC's holdings in Trip.com Group were worth $1,730,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. WT Asset Management Ltd boosted its holdings in Trip.com Group by 92.3% in the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock worth $3,050,000 after purchasing an additional 21,316 shares during the period. BOCHK Asset Management Ltd boosted its stake in Trip.com Group by 85.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock valued at $893,000 after acquiring an additional 6,000 shares during the period. Raymond James Financial Inc. bought a new position in shares of Trip.com Group during the fourth quarter valued at approximately $4,192,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Trip.com Group during the 4th quarter worth approximately $381,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Trip.com Group in the 4th quarter worth approximately $8,297,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Price Performance

Shares of Trip.com Group stock traded up $1.49 during midday trading on Monday, reaching $66.46. The company had a trading volume of 808,769 shares, compared to its average volume of 3,998,386. 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 stock has a fifty day simple moving average of $60.24 and a 200 day simple moving average of $64.56. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a market capitalization of $43.42 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08.

Trip.com Group Announces Dividend

The firm also recently declared a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is currently 8.02%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price 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. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Finally, Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $78.53.

About Trip.com Group

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.