Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lowered its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 9.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 907,437 shares of the company's stock after selling 98,025 shares during the quarter. Lazard Asset Management LLC owned 0.14% of Trip.com Group worth $62,304,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TCOM. Brooklyn Investment Group purchased a new stake in shares of Trip.com Group in the 4th quarter worth about $25,000. National Bank of Canada FI boosted its position 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 buying an additional 321 shares during the last quarter. Rakuten Securities Inc. raised its holdings 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. grew 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 worth $36,000 after acquiring an additional 169 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after buying an additional 510 shares during the period. Institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

TCOM has been the topic of several research analyst reports. Benchmark restated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Finally, StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $78.53.

Trip.com Group Stock Performance

Shares of TCOM stock traded down $0.54 during mid-day trading on Friday, reaching $64.97. The stock had a trading volume of 2,852,290 shares, compared to its average volume of 4,009,859. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The business's fifty day moving average is $60.17 and its 200-day moving average is $64.56. 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 firm has a market cap of $42.44 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 0.67 and a beta of 0.08.

Trip.com Group Announces Dividend

The firm also recently declared a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio is presently 8.02%.

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.