Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. decreased its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 31.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,061,207 shares of the company's stock after selling 494,373 shares during the period. Trip.com Group comprises about 5.1% of Keystone Investors PTE Ltd.'s portfolio, making the stock its 7th largest holding. Keystone Investors PTE Ltd. owned approximately 0.16% of Trip.com Group worth $72,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Victory Capital Management Inc. boosted its position in Trip.com Group by 45.5% during the 3rd quarter. Victory Capital Management Inc. now owns 10,985 shares of the company's stock valued at $653,000 after purchasing an additional 3,433 shares during the period. Natixis Advisors LLC lifted its stake in Trip.com Group by 10.0% in the third quarter. Natixis Advisors LLC now owns 42,561 shares of the company's stock valued at $2,529,000 after buying an additional 3,883 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Trip.com Group by 85.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company's stock valued at $23,478,000 after acquiring an additional 182,403 shares during the period. Citigroup Inc. grew its position in shares of Trip.com Group by 45.6% during the third quarter. Citigroup Inc. now owns 310,154 shares of the company's stock worth $18,432,000 after acquiring an additional 97,067 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Trip.com Group by 16.1% in 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 period. 35.41% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research analysts have commented on TCOM shares. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Benchmark restated a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Citigroup boosted their price target 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, JPMorgan Chase & Co. lowered their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock 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 data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Price Performance

Trip.com Group stock traded down $2.50 during midday trading on Friday, hitting $62.68. The company's stock had a trading volume of 2,473,597 shares, compared to its average volume of 3,955,340. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $40.37 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The stock's 50-day moving average price is $65.69 and its 200-day moving average price is $64.40.

Trip.com Group Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, April 4th. Investors 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 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.