Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 88.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,373 shares of the company's stock after selling 349,648 shares during the period. Deutsche Bank AG's holdings in Trip.com Group were worth $3,253,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TCOM. Brooklyn Investment Group purchased a new position in shares of Trip.com Group during the fourth quarter valued at approximately $25,000. Aaron Wealth Advisors LLC purchased a new stake in shares of Trip.com Group in the fourth quarter valued at approximately $232,000. Diversify Wealth Management LLC purchased a new stake in shares of Trip.com Group in the fourth quarter valued at approximately $575,000. Atomi Financial Group Inc. boosted its holdings in shares of Trip.com Group by 10.2% in the fourth quarter. Atomi Financial Group Inc. now owns 7,575 shares of the company's stock valued at $520,000 after purchasing an additional 703 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Trip.com Group by 7.5% in the fourth quarter. KBC Group NV now owns 134,978 shares of the company's stock valued at $9,268,000 after purchasing an additional 9,371 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TCOM. Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday. TD Securities boosted their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Wall Street Zen lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Stock Up 2.1%

Trip.com Group stock traded up $1.27 during mid-day trading on Friday, reaching $62.33. 3,004,365 shares of the company were exchanged, compared to its average volume of 3,990,027. The business has a fifty day moving average of $60.21 and a 200 day moving average of $64.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $40.72 billion, a P/E ratio of 18.66, a PEG ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18.

Trip.com Group Announces Dividend

The firm also recently declared a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's payout ratio is presently 8.12%.

Trip.com Group Company 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.