Capital International Ltd. CA Has $28.59 Million Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Capital International Ltd. CA reduced its stake in Trip.com Group Limited (NASDAQ:TCOM) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 416,421 shares of the company’s stock after selling 61,641 shares during the period. Trip.com Group accounts for approximately 1.2% of Capital International Ltd. CA’s investment portfolio, making the stock its 22nd biggest position. Capital International Ltd. CA owned approximately 0.06% of Trip.com Group worth $28,591,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Brooklyn Investment Group bought a new position in Trip.com Group in the 4th quarter valued at about $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 purchasing an additional 321 shares during the last quarter. Rakuten Securities Inc. boosted its stake in Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. grew its holdings in 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 buying an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TCOM shares. Citigroup boosted 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 report on Friday, January 3rd. Benchmark reissued a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price target on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Down 1.3 %

Shares of NASDAQ TCOM opened at $54.85 on Friday. The company has a market cap of $35.33 billion, a price-to-earnings ratio of 16.42, a PEG 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 Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The stock has a 50-day moving average price of $61.50 and a two-hundred day moving average price of $64.89.

Trip.com Group Dividend Announcement

The business also recently announced a — dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given 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%.

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.