Oaktree Capital Management LP Lowers Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Oaktree Capital Management LP lowered its position in Trip.com Group Limited (NASDAQ:TCOM) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 717,222 shares of the company’s stock after selling 74,301 shares during the quarter. Trip.com Group comprises approximately 0.9% of Oaktree Capital Management LP’s portfolio, making the stock its 22nd largest holding. Oaktree Capital Management LP’s holdings in Trip.com Group were worth $49,244,000 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. Schroder Investment Management Group increased its stake in Trip.com Group by 2.1% in the 4th quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company’s stock worth $700,115,000 after acquiring an additional 213,381 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. CoreView Capital Management Ltd lifted its position in Trip.com Group by 15.8% during 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 last quarter. Fisher Asset Management LLC grew its stake in Trip.com Group by 1.2% in 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. Finally, Wellington Management Group LLP increased its holdings in shares of Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after buying an additional 1,919,006 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TCOM. Benchmark reiterated a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Citigroup boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. cut their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. 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 presently has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Trading Down 3.8 %

Shares of TCOM opened at $62.68 on Friday. The firm has a fifty day simple moving average of $65.69 and a two-hundred day simple moving average of $64.40. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The stock has a market capitalization of $40.37 billion, a P/E ratio of 18.77, 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 Dividend Announcement

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

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.