Ameriprise Financial Inc. Sells 159,079 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Ameriprise Financial Inc. reduced its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,864,247 shares of the company's stock after selling 159,079 shares during the period. Ameriprise Financial Inc. owned about 0.29% of Trip.com Group worth $128,021,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Trip.com Group by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 526,420 shares of the company's stock worth $33,501,000 after purchasing an additional 17,416 shares in the last quarter. Headwater Capital Co Ltd acquired a new stake in shares of Trip.com Group during the fourth quarter worth approximately $13,732,000. Ritholtz Wealth Management raised its stake in shares of Trip.com Group by 39.7% in the fourth quarter. Ritholtz Wealth Management now owns 19,160 shares of the company's stock valued at $1,316,000 after acquiring an additional 5,445 shares during the last quarter. Boston Common Asset Management LLC raised its stake in shares of Trip.com Group by 0.9% in the fourth quarter. Boston Common Asset Management LLC now owns 225,606 shares of the company's stock valued at $15,490,000 after acquiring an additional 1,942 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Trip.com Group during the 4th quarter worth approximately $25,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TCOM. JPMorgan Chase & Co. cut their price objective on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Benchmark restated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $77.08.

Trip.com Group Trading Up 1.5 %

TCOM opened at $62.15 on Thursday. The stock has a market capitalization of $40.60 billion, a P/E ratio of 18.61, a P/E/G ratio of 0.67 and a beta of 0.08. 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 Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The firm's fifty day simple moving average is $59.84 and its 200 day simple moving average is $64.45.

Trip.com Group Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Friday, April 4th. Stockholders 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 is currently 8.02%.

Trip.com Group Company 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.

Want to see what other hedge funds are holding TCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trip.com Group Limited (NASDAQ:TCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.