Oaktree Fund Advisors LLC Sells 10,635 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Oaktree Fund Advisors LLC reduced its position in Trip.com Group Limited (NASDAQ:TCOM) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,465 shares of the company’s stock after selling 10,635 shares during the period. Trip.com Group comprises about 5.4% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 6th biggest holding. Oaktree Fund Advisors LLC’s holdings in Trip.com Group were worth $3,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in shares of Trip.com Group during the 4th quarter valued at approximately $25,000. Rakuten Securities Inc. lifted its holdings in Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. grew its position in shares of Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after purchasing an additional 510 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Trip.com Group during the 4th quarter worth about $94,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Trip.com Group Stock Performance

Shares of TCOM stock opened at $62.68 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $40.37 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.67 and a beta of 0.38. The firm’s 50 day moving average price is $65.69 and its 200-day moving average price is $64.40. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18.

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 $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group’s dividend payout ratio is presently 8.02%.

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.