Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. lowered its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,651 shares of the company's stock after selling 11,759 shares during the period. Trip.com Group comprises about 1.2% of Capital Group Investment Management PTE. LTD.'s holdings, making the stock its 24th largest position. Capital Group Investment Management PTE. LTD.'s holdings in Trip.com Group were worth $6,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp lifted its stake in Trip.com Group by 18.4% in the third quarter. Stifel Financial Corp now owns 17,200 shares of the company's stock valued at $1,022,000 after buying an additional 2,678 shares during the last quarter. MML Investors Services LLC raised its position in Trip.com Group by 12.3% in the 3rd quarter. MML Investors Services LLC now owns 14,126 shares of the company's stock valued at $839,000 after purchasing an additional 1,546 shares during the last quarter. M&T Bank Corp acquired a new stake in Trip.com Group during the 3rd quarter worth $224,000. Geode Capital Management LLC boosted its stake in Trip.com Group by 20.5% during the 3rd quarter. Geode Capital Management LLC now owns 317,894 shares of the company's stock worth $18,892,000 after purchasing an additional 54,072 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Trip.com Group during the 3rd quarter worth $385,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of NASDAQ TCOM traded up $1.68 during midday trading on Wednesday, hitting $58.55. The company had a trading volume of 3,272,633 shares, compared to its average volume of 4,069,811. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $60.77 and a two-hundred day simple moving average of $64.68. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The firm has a market capitalization of $37.71 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup boosted their price target on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Benchmark reaffirmed 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 raised shares of 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 shares of 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price 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.