Edmond DE Rothschild Holding S.A. Sells 49,000 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Edmond DE Rothschild Holding S.A. lowered its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,150 shares of the company's stock after selling 49,000 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Trip.com Group were worth $4,748,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TCOM. Axiom Investors LLC DE increased its holdings in shares of Trip.com Group by 79.2% during the 4th quarter. Axiom Investors LLC DE now owns 1,131,000 shares of the company's stock worth $77,654,000 after acquiring an additional 499,823 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after purchasing an additional 2,101,937 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Trip.com Group by 33.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,675 shares of the company's stock worth $3,136,000 after buying an additional 11,479 shares during the last quarter. Dorsey Wright & Associates bought a new stake in shares of Trip.com Group during the 4th quarter worth about $2,026,000. Finally, Schroder Investment Management Group grew its stake in Trip.com Group by 2.1% in the 4th quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock valued at $700,115,000 after buying an additional 213,381 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TCOM shares. Citigroup raised their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price 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. Finally, Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Price Performance

NASDAQ TCOM traded down $2.38 on Thursday, hitting $61.20. 3,777,204 shares of the company's stock were exchanged, compared to its average volume of 3,917,757. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The stock has a 50-day moving average of $65.44 and a 200-day moving average of $64.74. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a market cap of $39.42 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The business 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 (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.