Cantillon Capital Management LLC Sells 119,617 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Cantillon Capital Management LLC reduced its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,748,766 shares of the company's stock after selling 119,617 shares during the quarter. Trip.com Group comprises about 2.0% of Cantillon Capital Management LLC's holdings, making the stock its 25th biggest holding. Cantillon Capital Management LLC owned 0.74% of Trip.com Group worth $326,050,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TCOM. Brooklyn Investment Group bought a new position in Trip.com Group in the 4th quarter worth about $25,000. Principal Securities Inc. grew its holdings in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after purchasing an additional 169 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Trip.com Group in the third quarter worth approximately $38,000. Empowered Funds LLC purchased a new stake in Trip.com Group in the fourth quarter valued at approximately $136,000. Finally, M&T Bank Corp purchased a new stake in Trip.com Group in the third quarter valued at approximately $224,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Up 7.8 %

TCOM stock traded up $4.65 during trading on Wednesday, hitting $64.01. 7,477,247 shares of the company traded hands, compared to its average volume of 3,835,682. The company has a 50-day moving average of $66.66 and a 200-day moving average of $62.23. 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 1 year low of $38.23 and a 1 year high of $77.18. The firm has a market capitalization of $41.23 billion, a PE ratio of 19.16, a P/E/G ratio of 0.67 and a beta of 0.38.

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Trip.com Group Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group's dividend payout ratio is 8.02%.

Analyst Ratings Changes

TCOM has been the topic of a number of research analyst reports. TD Cowen increased their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Hsbc Global Res raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Mizuho upped their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Finally, HSBC raised Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $77.08.

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.