Cullen Capital Management LLC Sells 10,452 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Cullen Capital Management LLC cut its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 5.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 175,241 shares of the company’s stock after selling 10,452 shares during the quarter. Cullen Capital Management LLC’s holdings in Trip.com Group were worth $12,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cerity Partners LLC increased its position in shares of Trip.com Group by 16.1% during the third quarter. Cerity Partners LLC now owns 13,706 shares of the company’s stock worth $815,000 after buying an additional 1,896 shares during the period. Parallax Volatility Advisers L.P. raised its position in shares of Trip.com Group by 131.4% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 33,789 shares of the company’s stock worth $2,008,000 after acquiring an additional 19,184 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Trip.com Group by 27.6% in the 3rd quarter. Quantinno Capital Management LP now owns 13,173 shares of the company’s stock valued at $783,000 after purchasing an additional 2,853 shares during the period. Stifel Financial Corp boosted its position in shares of Trip.com Group by 18.4% during the 3rd quarter. Stifel Financial Corp now owns 17,200 shares of the company’s stock valued at $1,022,000 after purchasing an additional 2,678 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Trip.com Group by 557.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after purchasing an additional 1,919,006 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TCOM. Benchmark reissued a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped 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. Citigroup raised their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $55.89 on Friday. The stock has a market cap of $36.00 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 0.67 and a beta of 0.12. 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 Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm’s 50-day simple moving average is $64.99 and its 200 day simple moving average is $64.78.

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 issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group’s dividend payout ratio is presently 8.02%.

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.