Driehaus Capital Management LLC Sells 520,834 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Driehaus Capital Management LLC cut its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 34.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 973,034 shares of the company's stock after selling 520,834 shares during the period. Driehaus Capital Management LLC owned about 0.15% of Trip.com Group worth $66,809,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TCOM. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Trip.com Group by 1,925.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock worth $205,057,000 after acquiring an additional 2,839,142 shares during the last quarter. Cetera Investment Advisers increased its position in Trip.com Group by 24.2% in the 4th quarter. Cetera Investment Advisers now owns 22,538 shares of the company's stock worth $1,547,000 after purchasing an additional 4,386 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in shares of Trip.com Group by 11.6% during the 4th quarter. Capstone Investment Advisors LLC now owns 6,500 shares of the company's stock worth $446,000 after purchasing an additional 677 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Trip.com Group during the 4th quarter valued at about $655,000. Finally, Baird Financial Group Inc. acquired a new position in Trip.com Group in the fourth quarter worth approximately $382,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Performance

TCOM traded down $0.54 during midday trading on Friday, reaching $61.43. The company's stock had a trading volume of 1,684,057 shares, compared to its average volume of 4,029,561. 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 company has a fifty day simple moving average of $59.97 and a 200 day simple moving average of $64.49. The stock has a market cap of $40.13 billion, a P/E ratio of 18.39, a PEG ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18.

Trip.com Group Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group's payout ratio is 8.02%.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced 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 note on Thursday, February 27th. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $77.08.

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.