Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lowered its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,850 shares of the company's stock after selling 10,850 shares during the period. OMERS ADMINISTRATION Corp's holdings in Trip.com Group were worth $745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TCOM. Brooklyn Investment Group purchased a new stake in Trip.com Group during the fourth quarter worth about $25,000. National Bank of Canada FI boosted its holdings in Trip.com Group by 227.7% during the fourth 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. boosted 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 worth $33,000 after buying an additional 449 shares in the last quarter. Principal Securities Inc. boosted its holdings in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after buying an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings 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 valued at $43,000 after purchasing an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Up 2.1%

Shares of NASDAQ:TCOM traded up $1.27 during trading on Friday, reaching $62.33. The stock had a trading volume of 3,004,365 shares, compared to its average volume of 3,990,027. The business has a fifty day moving average price of $60.21 and a 200-day moving average price of $64.46. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock 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 fifty-two week low of $38.23 and a fifty-two week high of $77.18.

Trip.com Group Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on TCOM. JPMorgan Chase & Co. reduced their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. TD Securities upped their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday. One investment 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. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $77.25.

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.