Dodge & Cox Decreases Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Dodge & Cox lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,200 shares of the company’s stock after selling 900 shares during the period. Dodge & Cox’s holdings in Trip.com Group were worth $1,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. abrdn plc raised its position 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 purchasing an additional 150 shares during the period. Principal Securities Inc. raised its holdings in shares of Trip.com Group by 46.8% during the 4th 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 period. Rhumbline Advisers lifted its position in Trip.com Group by 1.6% during the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after acquiring an additional 184 shares in the last quarter. Blair William & Co. IL boosted its holdings in Trip.com Group by 4.3% in the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock worth $367,000 after acquiring an additional 219 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock valued at $875,000 after acquiring an additional 244 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TCOM. Citigroup upped their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on 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. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Benchmark restated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. One investment 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 company. According to MarketBeat.com, Trip.com Group has a consensus rating of “Buy” and an average target price of $77.08.

Trip.com Group Trading Down 0.5 %

Trip.com Group stock opened at $56.47 on Wednesday. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The firm’s 50-day moving average is $62.04 and its 200-day moving average is $64.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $36.37 billion, a P/E ratio of 16.91, a PEG ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

The firm also recently announced 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 currently 8.02%.

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.