Ramirez Asset Management Inc. Trims Position in Trip.com Group Limited (NASDAQ:TCOM)

Ramirez Asset Management Inc. lessened its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,603 shares of the company’s stock after selling 1,263 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Trip.com Group were worth $4,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 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 lifted its position in Trip.com Group by 92.3% during the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock valued at $3,050,000 after buying an additional 21,316 shares during the period. 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. Capital Advisory Group Advisory Services LLC bought a new stake in shares of Trip.com Group during the 4th quarter valued at $381,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Trip.com Group in the 3rd quarter worth about $922,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 3.3 %

TCOM stock opened at $65.18 on Friday. The business’s 50-day moving average price is $65.78 and its 200-day moving average price is $64.18. The stock has a market cap of $41.98 billion, a P/E ratio of 19.51, 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 Limited has a twelve month low of $38.23 and a twelve month high of $77.18.

Trip.com Group Dividend Announcement

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 dividend payout ratio (DPR) is presently 8.02%.

Wall Street Analyst Weigh In

Several research firms recently commented on TCOM. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Benchmark restated a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Finally, Citigroup raised their price objective 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. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average 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.