Aspex Management HK Ltd Sells 297,442 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Aspex Management HK Ltd reduced its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,872,533 shares of the company's stock after selling 297,442 shares during the quarter. Trip.com Group makes up 3.5% of Aspex Management HK Ltd's investment portfolio, making the stock its 9th largest position. Aspex Management HK Ltd owned approximately 0.29% of Trip.com Group worth $128,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TCOM. FMR LLC increased its position in Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after purchasing an additional 13,964,875 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Trip.com Group by 2.1% during the 4th quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock worth $700,115,000 after purchasing an additional 213,381 shares during the last quarter. Sanders Capital LLC grew its holdings in shares of Trip.com Group by 1.4% during the fourth quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock worth $665,854,000 after buying an additional 131,443 shares in the last quarter. FIL Ltd raised its position in shares of Trip.com Group by 8.8% in the fourth quarter. FIL Ltd now owns 8,453,025 shares of the company's stock valued at $580,385,000 after buying an additional 684,364 shares during the last quarter. Finally, Capital International Investors lifted its stake in shares of Trip.com Group by 0.7% during the fourth quarter. Capital International Investors now owns 8,079,203 shares of the company's stock valued at $554,717,000 after buying an additional 53,784 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Trading Up 0.5 %

TCOM traded up $0.32 during trading on Monday, hitting $60.49. 2,190,340 shares of the company's stock were exchanged, compared to its average volume of 4,042,478. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18. The stock has a 50 day moving average price of $59.65 and a 200 day moving average price of $64.49. The firm has a market cap of $39.52 billion, a P/E ratio of 18.11, a price-to-earnings-growth 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 Dividend Announcement

The firm also recently declared 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 of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is 8.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. One research 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's stock. According to data from MarketBeat.com, Trip.com Group has a consensus rating of "Buy" and an average target price of $77.08.

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.