Pinebridge Investments L.P. trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 43.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,820 shares of the company's stock after selling 77,262 shares during the quarter. Pinebridge Investments L.P.'s holdings in Trip.com Group were worth $6,854,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Trip.com Group by 20.5% during the third quarter. Geode Capital Management LLC now owns 317,894 shares of the company's stock worth $18,892,000 after buying an additional 54,072 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Trip.com Group in the 3rd quarter valued at approximately $385,000. Franklin Resources Inc. raised its holdings in shares of Trip.com Group by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 526,420 shares of the company's stock valued at $33,501,000 after purchasing an additional 17,416 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Trip.com Group during the 3rd quarter worth $1,227,000. Finally, Principal Financial Group Inc. grew its stake in shares of Trip.com Group by 139.9% during the third quarter. Principal Financial Group Inc. now owns 131,407 shares of the company's stock worth $7,810,000 after purchasing an additional 76,624 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.
Trip.com Group Trading Down 0.7 %
Shares of TCOM traded down $0.42 during mid-day trading on Wednesday, reaching $58.91. The company had a trading volume of 919,287 shares, compared to its average volume of 4,052,769. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a fifty day simple moving average of $59.82 and a 200-day simple moving average of $64.47. The stock has a market cap of $37.94 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. 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 Announces Dividend
The firm also recently declared 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 dividend payout ratio (DPR) is 8.02%.
Analyst Ratings Changes
Several research analysts have recently issued reports on TCOM shares. Benchmark restated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday. Citigroup lifted 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $77.08.
Check Out Our Latest Stock Analysis on TCOM
Trip.com Group Company 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.
Featured Stories
Before you consider Trip.com Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trip.com Group wasn't on the list.
While Trip.com Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
