Schechter Investment Advisors LLC Lowers Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Schechter Investment Advisors LLC lowered its position in Trip.com Group Limited (NASDAQ:TCOM) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,002 shares of the company’s stock after selling 241 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Trip.com Group were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TCOM. FMR LLC increased its stake in Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after acquiring an additional 2,749,365 shares during the last quarter. Sanders Capital LLC increased its position in shares of 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 last quarter. ARGA Investment Management LP raised its stake in Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after purchasing an additional 1,884,044 shares in the last quarter. Cantillon Capital Management LLC lifted its position in Trip.com Group by 14.9% during the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after purchasing an additional 629,508 shares during the last quarter. Finally, CoreView Capital Management Ltd grew its stake in Trip.com Group by 15.8% in the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after buying an additional 639,000 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 7.8 %

Shares of Trip.com Group stock opened at $64.01 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The company’s 50 day moving average price is $66.66 and its 200-day moving average price is $62.23. The stock has a market capitalization of $41.23 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 0.67 and a beta of 0.38.

Trip.com Group Announces Dividend

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

Wall Street Analysts Forecast Growth

TCOM has been the topic of several research reports. Mizuho raised their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. TD Cowen boosted their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays upped their target price on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price 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.