Franklin Resources Inc. Sells 16,519 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Franklin Resources Inc. decreased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 509,901 shares of the company's stock after selling 16,519 shares during the quarter. Franklin Resources Inc. owned approximately 0.08% of Trip.com Group worth $35,010,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Trip.com Group by 17.2% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 136,012 shares of the company's stock valued at $9,339,000 after buying an additional 19,976 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Trip.com Group during the 4th quarter worth about $1,358,000. Axiom Investors LLC DE grew its position in shares of Trip.com Group by 79.2% in the fourth quarter. Axiom Investors LLC DE now owns 1,131,000 shares of the company's stock valued at $77,654,000 after purchasing an additional 499,823 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Trip.com Group by 92.9% during the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock worth $299,700,000 after buying an additional 2,101,937 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Trip.com Group by 33.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 45,675 shares of the company's stock valued at $3,136,000 after acquiring an additional 11,479 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Down 1.2 %

NASDAQ TCOM traded down $0.64 on Thursday, hitting $54.15. 4,163,028 shares of the company were exchanged, compared to its average volume of 3,999,433. The company has a market cap of $34.88 billion, a PE ratio of 16.22, a PEG ratio of 0.67 and a beta of 0.12. The stock has a fifty day moving average of $63.21 and a 200-day moving average of $64.98. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18.

Trip.com Group Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is presently 8.02%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TCOM. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. 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. Finally, Citigroup upped their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and an average price target of $77.08.

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.