Trip.com Group Limited (NASDAQ:TCOM) Position Lowered by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 75.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,267 shares of the company's stock after selling 21,939 shares during the period. Tower Research Capital LLC TRC's holdings in Trip.com Group were worth $499,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TCOM. FMR LLC raised its holdings in shares of Trip.com Group by 125.5% in the fourth quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after acquiring an additional 13,964,875 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Trip.com Group by 92.9% in the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after purchasing an additional 2,101,937 shares in the last quarter. Norges Bank purchased a new stake in shares of Trip.com Group during the fourth quarter worth about $67,473,000. FIL Ltd raised its position in shares of Trip.com Group by 8.8% in the fourth quarter. FIL Ltd now owns 8,453,025 shares of the company's stock valued at $580,385,000 after buying an additional 684,364 shares during the last quarter. Finally, Amundi lifted its stake in shares of Trip.com Group by 203.2% during the fourth quarter. Amundi now owns 996,123 shares of the company's stock valued at $64,648,000 after buying an additional 667,589 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Up 1.3 %

Shares of NASDAQ:TCOM traded up $0.79 during mid-day trading on Friday, hitting $60.17. 2,714,204 shares of the company traded hands, compared to its average volume of 4,053,670. The firm has a market cap of $38.75 billion, a P/E ratio of 18.01, a PEG ratio of 0.67 and a beta of 0.12. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The firm's 50 day simple moving average is $59.61 and its 200 day simple moving average is $64.42. 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 company also recently declared a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group's payout ratio is 8.02%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TCOM. Citigroup increased their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. StockNews.com downgraded 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 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. Finally, Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $77.08.

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.