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

Edmond DE Rothschild Holding S.A. lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 41.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aspex Management HK Ltd bought a new stake in Trip.com Group during the 3rd quarter valued at about $128,962,000. Wellington Management Group LLP lifted its position in Trip.com Group by 92.9% in the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after acquiring an additional 2,101,937 shares in the last quarter. Norges Bank purchased a new stake in Trip.com Group during the 4th quarter valued at $67,473,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Trip.com Group by 2,170.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 704,244 shares of the company's stock worth $41,853,000 after purchasing an additional 673,228 shares in the last quarter. Finally, Amundi raised its stake in shares of Trip.com Group by 203.2% in the fourth quarter. Amundi now owns 996,123 shares of the company's stock worth $64,648,000 after purchasing an additional 667,589 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

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

Trip.com Group Trading Down 8.7 %

NASDAQ TCOM traded down $5.31 during trading hours on Friday, hitting $55.89. 7,866,859 shares of the company were exchanged, compared to its average volume of 3,942,024. The stock has a market cap of $36.00 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. 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 price of $64.99 and a 200 day moving average price of $64.91. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

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 dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's payout ratio is 8.02%.

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.