Trip.com Group Limited (NASDAQ:TCOM) Stock Position Cut by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. decreased its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 31.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,061,207 shares of the company’s stock after selling 494,373 shares during the quarter. Trip.com Group accounts for about 5.1% of Keystone Investors PTE Ltd.’s holdings, making the stock its 7th biggest holding. Keystone Investors PTE Ltd.’s holdings in Trip.com Group were worth $72,862,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TCOM. FMR LLC increased its holdings in Trip.com Group by 32.8% during the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the period. Sanders Capital LLC increased its stake in shares of Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after buying an additional 2,462,767 shares during the period. Aspex Management HK Ltd acquired a new stake in Trip.com Group in the third quarter valued at approximately $128,962,000. Wellington Management Group LLP lifted its stake in Trip.com Group by 557.8% in the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after acquiring an additional 1,919,006 shares during the last quarter. Finally, ARGA Investment Management LP grew its holdings in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after acquiring an additional 1,884,044 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $63.91 on Tuesday. The stock has a market cap of $41.16 billion, a P/E ratio of 19.13, a P/E/G ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The stock has a 50 day moving average of $65.84 and a two-hundred day moving average of $64.06. 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 Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 8.02%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TCOM. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark restated 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. lowered their price objective on 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, Citigroup boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One investment 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’s stock. According to MarketBeat, Trip.com Group presently has a consensus rating of “Buy” and a consensus target price of $77.08.

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.