Hhlr Advisors LTD. Lowers Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Hhlr Advisors LTD. cut its stake in Trip.com Group Limited (NASDAQ:TCOM) by 48.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 913,842 shares of the company’s stock after selling 860,590 shares during the period. Trip.com Group comprises approximately 2.2% of Hhlr Advisors LTD.’s portfolio, making the stock its 11th largest position. Hhlr Advisors LTD.’s holdings in Trip.com Group were worth $62,744,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of TCOM. Headwater Capital Co Ltd purchased a new position in shares of Trip.com Group during the 4th quarter worth approximately $13,732,000. WT Asset Management Ltd raised its holdings in Trip.com Group by 92.3% in the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock worth $3,050,000 after purchasing an additional 21,316 shares in the last quarter. BOCHK Asset Management Ltd lifted its position in Trip.com Group by 85.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company’s stock valued at $893,000 after buying an additional 6,000 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Trip.com Group during the 4th quarter valued at $4,192,000. Finally, Capital Advisory Group Advisory Services LLC purchased a new position in Trip.com Group during the 4th quarter valued at about $381,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Up 1.9 %

NASDAQ TCOM opened at $58.62 on Tuesday. The stock’s 50-day moving average price is $59.96 and its 200-day moving average price is $64.50. The company has a market capitalization of $37.76 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Announces Dividend

The business also recently disclosed a — dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is currently 8.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TCOM. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Saturday. Benchmark reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. 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. Finally, Citigroup upped their price target on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $77.08.

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.