Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by LMR Partners LLP

LMR Partners LLP lessened its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 94.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,136 shares of the company's stock after selling 294,068 shares during the quarter. LMR Partners LLP's holdings in Trip.com Group were worth $1,108,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. WT Asset Management Ltd boosted its position 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 worth $3,050,000 after purchasing an additional 21,316 shares in the last quarter. BOCHK Asset Management Ltd raised its holdings in shares of Trip.com Group by 85.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock valued at $893,000 after acquiring an additional 6,000 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Trip.com Group during the fourth quarter valued at approximately $4,192,000. Capital Advisory Group Advisory Services LLC acquired a new position in shares of Trip.com Group during the fourth quarter valued at approximately $381,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Trip.com Group during the fourth quarter valued at approximately $8,297,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Down 0.8%

Shares of TCOM traded down $0.54 during midday trading on Friday, hitting $64.97. 2,852,290 shares of the stock were exchanged, compared to its average volume of 4,011,319. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The stock has a fifty day simple moving average of $60.24 and a 200 day simple moving average of $64.56. The firm has a market cap of $42.44 billion, a P/E ratio of 19.45, a P/E/G ratio of 0.67 and a beta of 0.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Dividend Announcement

The business also recently announced a -- dividend, which was paid on Friday, April 4th. Investors 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%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut 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. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and a consensus price target of $78.53.

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.