BI Asset Management Fondsmaeglerselskab A S Reduces Position in Trip.com Group Limited (NASDAQ:TCOM)

BI Asset Management Fondsmaeglerselskab A S decreased its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 67.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,243 shares of the company's stock after selling 141,267 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Trip.com Group were worth $4,686,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Stifel Financial Corp increased its position in shares of Trip.com Group by 18.4% during the third quarter. Stifel Financial Corp now owns 17,200 shares of the company's stock worth $1,022,000 after purchasing an additional 2,678 shares in the last quarter. Geode Capital Management LLC boosted its stake in Trip.com Group by 20.5% during the third quarter. Geode Capital Management LLC now owns 317,894 shares of the company's stock worth $18,892,000 after buying an additional 54,072 shares during the period. Sanctuary Advisors LLC acquired a new stake in Trip.com Group in the 3rd quarter valued at approximately $385,000. Franklin Resources Inc. grew its stake in shares of Trip.com Group by 3.4% in the third quarter. Franklin Resources Inc. now owns 526,420 shares of the company's stock valued at $33,501,000 after buying an additional 17,416 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Trip.com Group during the third quarter worth about $1,227,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded down $0.14 on Friday, reaching $57.52. 2,964,510 shares of the company were exchanged, compared to its average volume of 4,078,339. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The company has a 50-day moving average of $60.12 and a 200-day moving average of $64.53.

Trip.com Group Announces Dividend

The company also recently disclosed 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 payout ratio is currently 8.02%.

Wall Street Analysts Forecast Growth

TCOM has been the topic of a number of recent research reports. Citigroup upped their price objective 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. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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 investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group has a consensus rating of "Buy" and an average price target 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.