CIBC Private Wealth Group LLC Has $34.01 Million Holdings in Trip.com Group Limited (NASDAQ:TCOM)

CIBC Private Wealth Group LLC decreased its position in Trip.com Group Limited (NASDAQ:TCOM) by 0.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 524,079 shares of the company’s stock after selling 2,213 shares during the period. CIBC Private Wealth Group LLC’s holdings in Trip.com Group were worth $34,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its position in shares of Trip.com Group by 16.1% during the 3rd quarter. Cerity Partners LLC now owns 13,706 shares of the company’s stock valued at $815,000 after purchasing an additional 1,896 shares in the last quarter. Quantbot Technologies LP boosted its stake in Trip.com Group by 218.1% during the third quarter. Quantbot Technologies LP now owns 16,644 shares of the company’s stock worth $989,000 after acquiring an additional 11,412 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Trip.com Group by 2,170.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 704,244 shares of the company’s stock valued at $41,853,000 after purchasing an additional 673,228 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Trip.com Group during the third quarter valued at about $922,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Trip.com Group by 4.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,026,506 shares of the company’s stock worth $61,005,000 after purchasing an additional 46,338 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TCOM. Citigroup raised their price objective 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. Benchmark restated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price target 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 analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Trading Down 3.8 %

Shares of TCOM stock opened at $62.68 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $40.37 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The company has a 50-day simple moving average of $65.69 and a two-hundred day simple moving average of $64.52.

Trip.com Group Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio is presently 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.