Oaktree Capital Management LP Has $49.24 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

Oaktree Capital Management LP trimmed its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 717,222 shares of the company’s stock after selling 74,301 shares during the quarter. Trip.com Group comprises about 0.9% of Oaktree Capital Management LP’s portfolio, making the stock its 22nd biggest position. Oaktree Capital Management LP owned approximately 0.11% of Trip.com Group worth $49,244,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TCOM. abrdn plc increased its stake in Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after purchasing an additional 150 shares in the last quarter. Principal Securities Inc. increased its position in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after acquiring an additional 169 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after acquiring an additional 184 shares during the last quarter. Blair William & Co. IL boosted its stake in Trip.com Group by 4.3% during the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock valued at $367,000 after purchasing an additional 219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock worth $875,000 after purchasing an additional 244 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TCOM shares. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Citigroup boosted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Benchmark reissued a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their target price 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 company. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Down 3.8 %

Shares of NASDAQ TCOM opened at $62.68 on Friday. The business’s fifty day moving average price is $65.69 and its 200-day moving average price is $64.40. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The stock has a market capitalization of $40.37 billion, a PE ratio of 18.77, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is currently 8.02%.

Trip.com Group Company 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.