Dimensional Fund Advisors LP Sells 160,157 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Dimensional Fund Advisors LP reduced its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,186,627 shares of the company's stock after selling 160,157 shares during the period. Dimensional Fund Advisors LP owned 0.34% of Trip.com Group worth $150,134,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Brooklyn Investment Group bought a new position in shares of Trip.com Group in the fourth quarter worth approximately $25,000. National Bank of Canada FI increased its stake in Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after buying an additional 321 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. lifted its position in shares of Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after acquiring an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after acquiring an additional 510 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TCOM. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of 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. Citigroup lifted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Finally, StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Trip.com Group currently has an average rating of "Buy" and a consensus price target of $77.08.

Trip.com Group Trading Down 0.6 %

TCOM stock traded down $0.34 during mid-day trading on Wednesday, reaching $58.99. 2,130,794 shares of the stock traded hands, compared to its average volume of 4,061,952. The business has a 50-day moving average price of $59.66 and a two-hundred day moving average price of $64.43. The stock has a market capitalization of $37.99 billion, a PE ratio of 17.66, a PEG ratio of 0.67 and a beta of 0.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18.

Trip.com Group Dividend Announcement

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

Trip.com Group 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.