Atlas Capital Advisors Inc. Reduces Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Atlas Capital Advisors Inc. trimmed its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,532 shares of the company’s stock after selling 196 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Trip.com Group were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Headwater Capital Co Ltd purchased a new stake in shares of Trip.com Group during the fourth quarter worth about $13,732,000. WT Asset Management Ltd lifted its holdings in Trip.com Group by 92.3% in the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock worth $3,050,000 after buying an additional 21,316 shares during the period. BOCHK Asset Management Ltd grew its position in shares of Trip.com Group by 85.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company’s stock worth $893,000 after buying an additional 6,000 shares during the last quarter. Capital Advisory Group Advisory Services LLC purchased a new position in shares of Trip.com Group during the fourth quarter valued at approximately $381,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Trip.com Group by 139.9% during the third quarter. Principal Financial Group Inc. now owns 131,407 shares of the company’s stock valued at $7,810,000 after acquiring an additional 76,624 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TCOM shares. Citigroup lifted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Benchmark restated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Down 8.7 %

Shares of NASDAQ:TCOM opened at $55.89 on Friday. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 0.67 and a beta of 0.12. The stock has a fifty day simple moving average of $64.99 and a two-hundred day simple moving average of $64.78. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Announces Dividend

The company also recently disclosed a — dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is 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.