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

Greenwoods Asset Management Hong Kong Ltd. lessened its position in Trip.com Group Limited (NASDAQ:TCOM) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Trip.com Group in the fourth quarter valued at approximately $4,192,000. M&T Bank Corp lifted its position in shares of Trip.com Group by 62.6% in the fourth quarter. M&T Bank Corp now owns 6,123 shares of the company’s stock valued at $420,000 after acquiring an additional 2,358 shares in the last quarter. Atria Investments Inc lifted its position in shares of Trip.com Group by 111.8% in the fourth quarter. Atria Investments Inc now owns 8,281 shares of the company’s stock valued at $569,000 after acquiring an additional 4,372 shares in the last quarter. Assetmark Inc. lifted its position in shares of Trip.com Group by 16.8% in the fourth quarter. Assetmark Inc. now owns 60,039 shares of the company’s stock valued at $4,122,000 after acquiring an additional 8,653 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Trip.com Group by 5,490.3% in the fourth quarter. Victory Capital Management Inc. now owns 614,089 shares of the company’s stock valued at $42,163,000 after acquiring an additional 603,104 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $63.52 on Friday. 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. The company has a market capitalization of $40.91 billion, a P/E ratio of 19.02, a P/E/G ratio of 0.67 and a beta of 0.38. The stock’s fifty day moving average is $66.47 and its two-hundred day moving average is $62.24.

Trip.com Group Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on TCOM. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Benchmark reiterated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Barclays lifted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Tuesday, November 19th. Finally, Mizuho lifted their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group 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.