SIH Partners LLLP Sells 61,650 Shares of Trip.com Group Limited (NASDAQ:TCOM)

SIH Partners LLLP trimmed its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 68.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,050 shares of the company's stock after selling 61,650 shares during the period. SIH Partners LLLP's holdings in Trip.com Group were worth $1,926,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Trip.com Group in the 4th quarter valued at approximately $25,000. National Bank of Canada FI lifted its holdings 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 buying an additional 321 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after buying an additional 449 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. Finally, Farther Finance Advisors LLC lifted its stake in shares of Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after purchasing an additional 510 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TCOM has been the topic of several research analyst reports. Citigroup raised their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Finally, StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Trip.com Group has an average rating of "Buy" and an average target price of $77.08.

Trip.com Group Stock Performance

NASDAQ TCOM traded down $0.14 on Friday, reaching $57.52. The stock had a trading volume of 2,964,510 shares, compared to its average volume of 4,076,475. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a fifty day moving average of $60.12 and a two-hundred day moving average of $64.55. 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 cap of $37.05 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12.

Trip.com Group Dividend Announcement

The company also recently disclosed 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 is 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.