Greenwoods Asset Management Hong Kong Ltd. Decreases Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Greenwoods Asset Management Hong Kong Ltd. cut its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 24.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 175,236 shares of the company’s stock after selling 56,329 shares during the quarter. Trip.com Group comprises 0.4% of Greenwoods Asset Management Hong Kong Ltd.’s holdings, making the stock its 23rd largest position. Greenwoods Asset Management Hong Kong Ltd.’s holdings in Trip.com Group were worth $12,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. abrdn plc raised its stake in Trip.com Group by 0.5% in the fourth quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after buying an additional 150 shares during the last quarter. Principal Securities Inc. raised its stake in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after buying an additional 169 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after purchasing an additional 184 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Trip.com Group by 6.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,963 shares of the company’s stock worth $272,000 after purchasing an additional 250 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Trip.com Group by 2.0% in the fourth quarter. QRG Capital Management Inc. now owns 14,751 shares of the company’s stock worth $1,013,000 after purchasing an additional 286 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Down 0.8 %

Shares of TCOM opened at $63.52 on Friday. 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. The stock’s 50 day moving average is $66.47 and its two-hundred day moving average is $62.24. The firm has a market cap of $40.91 billion, a P/E ratio of 19.02, a PEG ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group’s payout ratio is currently 8.02%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TCOM. Benchmark restated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Macquarie raised their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, 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. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Trip.com Group has a consensus rating of “Buy” and a consensus target price of $77.08.

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.