BI Asset Management Fondsmaeglerselskab A S Sells 141,267 Shares of Trip.com Group Limited (NASDAQ:TCOM)

BI Asset Management Fondsmaeglerselskab A S lowered its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 67.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,243 shares of the company's stock after selling 141,267 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Trip.com Group were worth $4,686,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TCOM. FMR LLC raised its holdings in Trip.com Group by 125.5% during the fourth quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after acquiring an additional 13,964,875 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Trip.com Group by 92.9% during the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock worth $299,700,000 after purchasing an additional 2,101,937 shares during the last quarter. Norges Bank bought a new stake in shares of Trip.com Group during the 4th quarter worth approximately $67,473,000. FIL Ltd boosted its holdings in shares of Trip.com Group by 8.8% in the 4th quarter. FIL Ltd now owns 8,453,025 shares of the company's stock valued at $580,385,000 after buying an additional 684,364 shares during the last quarter. Finally, Amundi grew its stake in shares of Trip.com Group by 203.2% in the fourth quarter. Amundi now owns 996,123 shares of the company's stock valued at $64,648,000 after buying an additional 667,589 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Performance

NASDAQ TCOM traded down $0.54 on Thursday, reaching $57.66. The stock had a trading volume of 2,538,929 shares, compared to its average volume of 4,076,695. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $37.14 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The firm has a fifty day moving average of $60.54 and a two-hundred day moving average of $64.63.

Trip.com Group Announces Dividend

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

Analyst Upgrades and Downgrades

TCOM has been the subject of a number of recent analyst reports. Citigroup increased their price target on shares of 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 reiterated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Finally, JPMorgan Chase & Co. reduced 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. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $77.08.

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.