Loomis Sayles & Co. L P Reduces Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Loomis Sayles & Co. L P lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 21.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 863,246 shares of the company's stock after selling 230,939 shares during the period. Loomis Sayles & Co. L P owned about 0.13% of Trip.com Group worth $59,270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TCOM. Brooklyn Investment Group bought a new position in Trip.com Group in the fourth quarter worth approximately $25,000. Rakuten Securities Inc. increased its stake 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 worth $33,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. raised its holdings in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after purchasing an additional 169 shares during the period. Farther Finance Advisors LLC lifted its position in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after purchasing an additional 510 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group during the third quarter valued at $38,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on TCOM shares. StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target 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. Finally, Citigroup upped their price target 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. One 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $77.08.

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Trip.com Group Price Performance

Shares of TCOM stock traded down $2.50 during mid-day trading on Friday, hitting $62.68. The company had a trading volume of 2,473,597 shares, compared to its average volume of 3,955,340. The company has a market capitalization of $40.37 billion, a P/E ratio of 18.77, a P/E/G 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 Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio 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.