GUARDCAP ASSET MANAGEMENT Ltd Reduces Holdings in Trip.com Group Limited (NASDAQ:TCOM)

GUARDCAP ASSET MANAGEMENT Ltd cut its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 17.6% in the fourth quarter, HoldingsChannel reports. The fund owned 39,700 shares of the company’s stock after selling 8,500 shares during the period. Trip.com Group makes up approximately 0.0% of GUARDCAP ASSET MANAGEMENT Ltd’s holdings, making the stock its 21st largest holding. GUARDCAP ASSET MANAGEMENT Ltd’s holdings in Trip.com Group were worth $2,726,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC increased its position in Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the last quarter. Sanders Capital LLC increased its stake in Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the period. ARGA Investment Management LP lifted its holdings in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after buying an additional 1,884,044 shares in the last quarter. CoreView Capital Management Ltd boosted its holdings in shares of Trip.com Group by 15.8% in the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after purchasing an additional 639,000 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Trip.com Group by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company’s stock worth $205,678,000 after buying an additional 34,586 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Down 0.5 %

Shares of NASDAQ:TCOM opened at $64.23 on Friday. The firm has a fifty day moving average price of $65.84 and a 200 day moving average price of $63.83. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The stock has a market cap of $41.37 billion, a P/E ratio of 19.23, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on TCOM. Benchmark reissued a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. Citigroup lifted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective 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, StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. One equities research 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 company’s stock. According to data from MarketBeat, the stock has a consensus 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.