Kontiki Capital Management HK Ltd. Sells 924,706 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Kontiki Capital Management HK Ltd. trimmed its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 33.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,866,440 shares of the company’s stock after selling 924,706 shares during the quarter. Trip.com Group accounts for 11.2% of Kontiki Capital Management HK Ltd.’s investment portfolio, making the stock its 5th largest holding. Kontiki Capital Management HK Ltd.’s holdings in Trip.com Group were worth $128,150,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Atria Investments Inc purchased a new stake in Trip.com Group in the 3rd quarter valued at $232,000. Victory Capital Management Inc. raised its position in Trip.com Group by 45.5% in the 3rd quarter. Victory Capital Management Inc. now owns 10,985 shares of the company’s stock valued at $653,000 after buying an additional 3,433 shares during the last quarter. Natixis Advisors LLC raised its position in Trip.com Group by 10.0% in the 3rd quarter. Natixis Advisors LLC now owns 42,561 shares of the company’s stock valued at $2,529,000 after buying an additional 3,883 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Trip.com Group by 85.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock valued at $23,478,000 after buying an additional 182,403 shares during the last quarter. Finally, Citigroup Inc. raised its position in Trip.com Group by 45.6% in the 3rd quarter. Citigroup Inc. now owns 310,154 shares of the company’s stock valued at $18,432,000 after buying an additional 97,067 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $64.23 on Friday. The business’s 50-day moving average price is $65.84 and its two-hundred day moving average price is $63.83. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The stock has a market cap of $41.37 billion, a P/E ratio of 19.23, a PEG ratio of 0.67 and a beta of 0.38. 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 Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on TCOM shares. JPMorgan Chase & Co. reduced their price objective 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. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Citigroup increased their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Benchmark reissued a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Trip.com Group currently has an average rating of “Buy” and a consensus price target of $77.08.

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.