Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 29.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 743,700 shares of the company's stock after selling 312,400 shares during the period. Canada Pension Plan Investment Board owned 0.12% of Trip.com Group worth $51,062,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TCOM. Headwater Capital Co Ltd acquired a new stake in shares of Trip.com Group in the fourth quarter valued at approximately $13,732,000. WT Asset Management Ltd grew its position in Trip.com Group by 92.3% during the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock worth $3,050,000 after purchasing an additional 21,316 shares during the last quarter. BOCHK Asset Management Ltd increased its stake in Trip.com Group by 85.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock valued at $893,000 after purchasing an additional 6,000 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Trip.com Group during the fourth quarter worth about $4,192,000. Finally, Capital Advisory Group Advisory Services LLC purchased a new position in shares of Trip.com Group during the fourth quarter worth about $381,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on TCOM. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. JPMorgan Chase & Co. dropped their target price on 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 boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, Benchmark reiterated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $77.08.

Trip.com Group Trading Up 0.6 %

NASDAQ TCOM traded up $0.36 during mid-day trading on Thursday, reaching $58.56. 900,348 shares of the stock were exchanged, compared to its average volume of 4,067,008. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The business's fifty day simple moving average is $60.54 and its 200 day simple moving average is $64.63. The stock has a market capitalization of $37.72 billion, a PE ratio of 17.54, 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 Dividend Announcement

The company also recently announced 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 was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is currently 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.