Man Group plc Sells 125,018 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Man Group plc decreased its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,316,699 shares of the company's stock after selling 125,018 shares during the period. Man Group plc owned 0.20% of Trip.com Group worth $90,405,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in Trip.com Group in the 4th quarter worth approximately $25,000. National Bank of Canada FI raised its holdings in Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after buying an additional 321 shares during the last quarter. Rakuten Securities Inc. increased its position in Trip.com Group by 1,496.7% during the 4th 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 period. Principal Securities Inc. increased its position in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after purchasing an additional 169 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Down 0.8%

TCOM stock traded down $0.54 during trading on Friday, hitting $64.97. 2,852,290 shares of the stock traded hands, compared to its average volume of 4,011,319. 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 stock has a market cap of $42.44 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. The firm's 50 day moving average is $60.24 and its two-hundred day moving average is $64.56. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18.

Trip.com Group Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Benchmark reaffirmed a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of 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. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $78.53.

Trip.com Group Company 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.