Wells Fargo & Company MN Has $2.85 Million Stake in Trip.com Group Limited (NASDAQ:TCOM)

Wells Fargo & Company MN trimmed its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,569 shares of the company's stock after selling 6,157 shares during the quarter. Wells Fargo & Company MN's holdings in Trip.com Group were worth $2,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Trip.com Group in the fourth quarter valued at approximately $25,000. National Bank of Canada FI raised its stake in shares of Trip.com Group by 227.7% in 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 in the last quarter. Rakuten Securities Inc. raised its stake in shares of Trip.com Group by 1,496.7% in 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 in the last quarter. Principal Securities Inc. raised its stake 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 raised its stake 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.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of recent research reports. Citigroup upped their target price on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. cut their target price on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Finally, Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $77.08.

Trip.com Group Price Performance

Shares of Trip.com Group stock traded up $0.71 during trading on Tuesday, reaching $59.33. The company's stock had a trading volume of 2,720,630 shares, compared to its average volume of 4,065,192. The stock has a 50-day moving average price of $59.82 and a two-hundred day moving average price of $64.47. The stock has a market capitalization of $38.21 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18.

Trip.com Group Dividend Announcement

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

About Trip.com Group

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.