Trip.com Group Limited (NASDAQ:TCOM) is Oxbow Capital Management HK Ltd’s 3rd Largest Position

Oxbow Capital Management HK Ltd grew its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 39.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 628,856 shares of the company’s stock after buying an additional 178,856 shares during the period. Trip.com Group accounts for 15.3% of Oxbow Capital Management HK Ltd’s investment portfolio, making the stock its 3rd largest position. Oxbow Capital Management HK Ltd’s holdings in Trip.com Group were worth $43,177,000 at the end of the most recent reporting period.

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

Trip.com Group Trading Down 1.3 %

Shares of Trip.com Group stock opened at $54.85 on Monday. The company has a 50 day simple moving average of $61.28 and a two-hundred day simple moving average of $64.82. The firm has a market cap of $35.33 billion, a PE ratio of 16.42, a PEG ratio of 0.67 and a beta of 0.12. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. 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 Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup increased their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Benchmark reaffirmed a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price target on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $77.08.

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.