Cullen Capital Management LLC Sells 10,452 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Cullen Capital Management LLC trimmed its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 175,241 shares of the company's stock after selling 10,452 shares during the period. Cullen Capital Management LLC's holdings in Trip.com Group were worth $12,032,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC lifted its position in Trip.com Group by 16.1% during the 3rd quarter. Cerity Partners LLC now owns 13,706 shares of the company's stock worth $815,000 after acquiring an additional 1,896 shares during the last quarter. Parallax Volatility Advisers L.P. boosted its stake in Trip.com Group by 131.4% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 33,789 shares of the company's stock valued at $2,008,000 after purchasing an additional 19,184 shares during the period. Quantinno Capital Management LP grew its holdings in Trip.com Group by 27.6% in the 3rd quarter. Quantinno Capital Management LP now owns 13,173 shares of the company's stock valued at $783,000 after buying an additional 2,853 shares during the last quarter. Stifel Financial Corp increased its position in Trip.com Group by 18.4% in the 3rd quarter. Stifel Financial Corp now owns 17,200 shares of the company's stock worth $1,022,000 after buying an additional 2,678 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Trip.com Group by 557.8% during the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company's stock worth $134,493,000 after buying an additional 1,919,006 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TCOM. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Citigroup upped their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $77.08.

Trip.com Group Price Performance

Shares of Trip.com Group stock traded down $0.68 during midday trading on Thursday, hitting $54.11. 5,294,167 shares of the company were exchanged, compared to its average volume of 4,003,786. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week 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 firm has a 50 day simple moving average of $63.21 and a 200-day simple moving average of $64.98. The firm has a market cap of $34.85 billion, a P/E ratio of 16.15, a PEG ratio of 0.67 and a beta of 0.12.

Trip.com Group Dividend Announcement

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

Trip.com Group Company 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.