Thornburg Investment Management Inc. Sells 14,710 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Thornburg Investment Management Inc. trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 144,629 shares of the company's stock after selling 14,710 shares during the period. Thornburg Investment Management Inc.'s holdings in Trip.com Group were worth $9,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Brooklyn Investment Group bought a new stake in shares of Trip.com Group in the 4th quarter worth about $25,000. National Bank of Canada FI grew its position 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 purchasing an additional 321 shares during the last quarter. Rakuten Securities Inc. increased its position in Trip.com Group by 1,496.7% in the 4th 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. raised its stake in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Trip.com Group by 443.5% in the 4th 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of 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 shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. TD Securities boosted 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, Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $77.25.

Trip.com Group Stock Performance

TCOM stock traded up $1.31 during trading on Friday, reaching $62.37. 1,551,333 shares of the stock were exchanged, compared to its average volume of 3,968,690. The stock has a 50 day simple moving average of $60.29 and a 200-day simple moving average of $64.50. 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 market capitalization of $40.74 billion, a P/E ratio of 18.67, a price-to-earnings-growth 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 firm also recently declared 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 was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 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.