Platinum Investment Management Ltd. Decreases Stake in Trip.com Group Limited (NASDAQ:TCOM)

Platinum Investment Management Ltd. lessened its stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 53.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,282 shares of the company's stock after selling 776,475 shares during the period. Trip.com Group makes up about 2.7% of Platinum Investment Management Ltd.'s holdings, making the stock its 12th biggest holding. Platinum Investment Management Ltd. owned 0.11% of Trip.com Group worth $46,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TCOM. FMR LLC lifted its position in Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company's stock worth $661,086,000 after buying an additional 2,749,365 shares during the last quarter. Sanders Capital LLC boosted its stake in shares of Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company's stock valued at $568,531,000 after purchasing an additional 2,462,767 shares in the last quarter. ARGA Investment Management LP grew its holdings in shares of Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock valued at $350,602,000 after purchasing an additional 1,884,044 shares during the last quarter. Cantillon Capital Management LLC lifted its stake in Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock worth $289,328,000 after purchasing an additional 629,508 shares during the last quarter. Finally, CoreView Capital Management Ltd boosted its position in Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company's stock valued at $277,905,000 after buying an additional 639,000 shares during the period. Institutional investors own 35.41% of the company's stock.

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Trip.com Group Stock Down 0.5 %

Shares of NASDAQ TCOM traded down $0.30 during mid-day trading on Friday, hitting $64.23. 4,119,253 shares of the stock traded hands, compared to its average volume of 3,884,148. The stock has a fifty day moving average price of $65.84 and a 200-day moving average price of $63.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $41.37 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18.

Trip.com Group Announces Dividend

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

Wall Street Analysts Forecast Growth

TCOM has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. Finally, 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 note on Friday, January 3rd. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus 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.