Bank of America Corp DE cut its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,891,431 shares of the company's stock after selling 268,703 shares during the period. Bank of America Corp DE owned 0.29% of Trip.com Group worth $129,866,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Headwater Capital Co Ltd purchased a new position in shares of Trip.com Group in the 4th quarter worth approximately $13,732,000. WT Asset Management Ltd increased its position in shares of Trip.com Group by 92.3% during the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock worth $3,050,000 after purchasing an additional 21,316 shares in the last quarter. BOCHK Asset Management Ltd lifted its holdings 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 purchasing an additional 6,000 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Trip.com Group in the 4th quarter worth $4,192,000. Finally, Capital Advisory Group Advisory Services LLC acquired a new position in Trip.com Group during the 4th quarter valued at about $381,000. 35.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on TCOM shares. JPMorgan Chase & Co. dropped their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $77.08.
Get Our Latest Stock Report on Trip.com Group
Trip.com Group Stock Down 0.9 %
Shares of TCOM stock opened at $61.43 on Friday. 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 twelve month low of $38.23 and a twelve month high of $77.18. The stock has a 50 day moving average of $59.97 and a 200 day moving average of $64.49. The stock has a market cap of $40.13 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.67 and a beta of 0.08.
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 currently 8.02%.
About Trip.com Group
(
Free Report)
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.
Further Reading
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