Invesco Ltd. Cuts Position in Trip.com Group Limited (NASDAQ:TCOM)

Invesco Ltd. lessened its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614,082 shares of the company's stock after selling 61,235 shares during the period. Invesco Ltd. owned 0.10% of Trip.com Group worth $42,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in TCOM. Brooklyn Investment Group acquired a new stake in shares of Trip.com Group in the 4th quarter valued at about $25,000. National Bank of Canada FI increased its holdings in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after acquiring an additional 321 shares during the period. Rakuten Securities Inc. increased its holdings in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. raised its position in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after buying an additional 510 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Up 2.9 %

Shares of NASDAQ TCOM traded up $1.62 during midday trading on Tuesday, reaching $56.87. 4,299,255 shares of the stock were exchanged, compared to its average volume of 4,072,627. The company has a market capitalization of $36.63 billion, a P/E ratio of 17.03, a P/E/G ratio of 0.67 and a beta of 0.12. 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 52-week low of $38.23 and a 52-week high of $77.18. The stock has a 50 day moving average price of $60.77 and a 200-day moving average price of $64.68.

Trip.com Group Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio is currently 8.02%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup increased their price objective 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. JPMorgan Chase & Co. reduced their price objective on shares of 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. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a report on Friday. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Trip.com Group currently has an average rating of "Buy" and a consensus price target 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.