OMERS ADMINISTRATION Corp Has $745,000 Stock Holdings in Trip.com Group Limited (NASDAQ:TCOM)

OMERS ADMINISTRATION Corp lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. WT Asset Management Ltd boosted its holdings in Trip.com Group by 92.3% during the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after acquiring an additional 21,316 shares during the period. BOCHK Asset Management Ltd grew its holdings in Trip.com Group by 85.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock valued at $893,000 after buying an additional 6,000 shares during the last quarter. Raymond James Financial Inc. bought a new position in Trip.com Group in the 4th quarter worth approximately $4,192,000. Capital Advisory Group Advisory Services LLC acquired a new position in shares of Trip.com Group during the fourth quarter worth approximately $381,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Trip.com Group in the fourth quarter valued at approximately $8,297,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Trading Down 5.5%

TCOM traded down $3.72 during mid-day trading on Tuesday, hitting $63.38. The stock had a trading volume of 7,596,174 shares, compared to its average volume of 4,024,809. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. 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 firm has a market capitalization of $41.40 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. The stock's fifty day simple moving average is $60.40 and its 200-day simple moving average is $64.56.

Trip.com Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on TCOM shares. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. JPMorgan Chase & Co. decreased their target price 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. TD Securities upped 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. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $77.98.

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.