Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Capital World Investors

Capital World Investors lessened its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 10.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,622,225 shares of the company's stock after selling 5,268,366 shares during the quarter. Capital World Investors owned about 7.24% of Trip.com Group worth $3,201,074,000 as of its most recent filing with the SEC.

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

Trip.com Group Stock Performance

NASDAQ TCOM traded down $0.21 on Thursday, hitting $58.00. 1,353,716 shares of the company's stock were exchanged, compared to its average volume of 4,069,076. 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 firm's 50-day moving average price is $60.54 and its two-hundred day moving average price is $64.63. The firm has a market cap of $37.35 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 0.67 and a beta of 0.12. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.

Trip.com Group Announces Dividend

The business also recently announced a -- dividend, which was paid on Friday, April 4th. Shareholders 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 payout ratio is currently 8.02%.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several recent analyst reports. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Finally, 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. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus 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.