Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by CoreView Capital Management Ltd

CoreView Capital Management Ltd cut its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,806,977 shares of the company's stock after selling 869,189 shares during the quarter. Trip.com Group makes up 27.2% of CoreView Capital Management Ltd's portfolio, making the stock its largest position. CoreView Capital Management Ltd owned 0.59% of Trip.com Group worth $261,387,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Brooklyn Investment Group acquired a new stake in Trip.com Group in the 4th quarter valued at about $25,000. National Bank of Canada FI grew its stake in shares of Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Trip.com Group by 46.8% in 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 increased 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. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Up 2.1%

NASDAQ TCOM traded up $1.27 during trading on Friday, reaching $62.33. 3,004,365 shares of the stock traded hands, compared to its average volume of 3,994,322. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. 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 firm has a market cap of $40.72 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. The stock's 50-day moving average price is $60.21 and its 200 day moving average price is $64.44.

Trip.com Group Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio is currently 8.12%.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective 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. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. TD Securities lifted their price objective on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, Bank of America upped their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Trip.com Group has an average rating of "Buy" and a consensus target price 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.