LMR Partners LLP Sells 294,068 Shares of Trip.com Group Limited (NASDAQ:TCOM)

LMR Partners LLP cut its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 94.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,136 shares of the company’s stock after selling 294,068 shares during the quarter. LMR Partners LLP’s holdings in Trip.com Group were worth $1,108,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in Trip.com Group by 24.3% in the fourth quarter. Janus Henderson Group PLC now owns 2,412,761 shares of the company’s stock worth $165,686,000 after purchasing an additional 471,768 shares during the period. Fullerton Fund Management Co Ltd. acquired a new stake in Trip.com Group in the fourth quarter worth $4,594,000. Ethic Inc. grew its holdings in Trip.com Group by 48.4% in the fourth quarter. Ethic Inc. now owns 35,452 shares of the company’s stock worth $2,434,000 after purchasing an additional 11,564 shares during the period. Fred Alger Management LLC grew its holdings in Trip.com Group by 9.8% in the fourth quarter. Fred Alger Management LLC now owns 249,576 shares of the company’s stock worth $17,136,000 after purchasing an additional 22,250 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Trip.com Group by 1,925.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company’s stock worth $205,057,000 after purchasing an additional 2,839,142 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on TCOM. JPMorgan Chase & Co. reduced their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Benchmark reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. Mizuho raised shares of Trip.com Group to a “strong-buy” rating in a research note on Friday, May 2nd. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group has an average rating of “Buy” and a consensus price target of $78.53.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $66.24 on Wednesday. The firm has a market cap of $43.27 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 0.67 and a beta of 0.08. 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 52 week low of $38.23 and a 52 week high of $77.18. The firm’s 50-day simple moving average is $60.05 and its two-hundred day simple moving average is $64.54.

Trip.com Group Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group’s dividend 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.