Caisse DE Depot ET Placement DU Quebec Has $55.51 Million Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Caisse DE Depot ET Placement DU Quebec reduced its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 21.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 808,406 shares of the company's stock after selling 218,100 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.13% of Trip.com Group worth $55,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. AdvisorShares Investments LLC raised its position in Trip.com Group by 143.7% in the 4th quarter. AdvisorShares Investments LLC now owns 9,496 shares of the company's stock valued at $652,000 after purchasing an additional 5,600 shares during the last quarter. Northern Trust Corp raised its position in shares of Trip.com Group by 51.1% in the 4th quarter. Northern Trust Corp now owns 564,132 shares of the company's stock valued at $38,733,000 after acquiring an additional 190,783 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Trip.com Group by 3.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 128,924 shares of the company's stock worth $8,852,000 after purchasing an additional 4,330 shares during the period. Optiver Holding B.V. boosted its position in shares of Trip.com Group by 212.7% during the fourth quarter. Optiver Holding B.V. now owns 16,900 shares of the company's stock worth $1,160,000 after purchasing an additional 31,900 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in shares of Trip.com Group in the 4th quarter valued at $3,842,000. 35.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TCOM has been the topic of a number of research analyst reports. 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 report on Thursday, February 27th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and an average target price of $77.08.

Trip.com Group Stock Performance

NASDAQ TCOM traded up $0.57 on Wednesday, reaching $61.79. The stock had a trading volume of 734,346 shares, compared to its average volume of 4,031,196. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $40.36 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. The firm has a fifty day moving average of $59.73 and a two-hundred day moving average of $64.47. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18.

Trip.com Group Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is 8.02%.

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.