Capital International Inc. CA Sells 135,401 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Capital International Inc. CA lowered its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 774,850 shares of the company's stock after selling 135,401 shares during the quarter. Capital International Inc. CA owned 0.12% of Trip.com Group worth $53,201,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TCOM. Stifel Financial Corp grew its stake in shares of Trip.com Group by 18.4% in the third quarter. Stifel Financial Corp now owns 17,200 shares of the company's stock valued at $1,022,000 after buying an additional 2,678 shares in the last quarter. MML Investors Services LLC lifted its stake in Trip.com Group by 12.3% in the third quarter. MML Investors Services LLC now owns 14,126 shares of the company's stock valued at $839,000 after acquiring an additional 1,546 shares during the last quarter. M&T Bank Corp bought a new position in shares of Trip.com Group in the 3rd quarter valued at about $224,000. Geode Capital Management LLC increased its stake in shares of Trip.com Group by 20.5% during the 3rd quarter. Geode Capital Management LLC now owns 317,894 shares of the company's stock worth $18,892,000 after purchasing an additional 54,072 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Trip.com Group in the 3rd quarter valued at about $385,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Performance

Shares of Trip.com Group stock traded up $0.40 during trading on Monday, reaching $55.25. The company's stock had a trading volume of 4,170,268 shares, compared to its average volume of 4,071,538. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The firm has a market cap of $35.59 billion, a PE ratio of 16.54, a P/E/G ratio of 0.67 and a beta of 0.12. The business's 50-day moving average price is $61.02 and its 200-day moving average price is $64.73. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Dividend Announcement

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

Wall Street Analyst Weigh In

TCOM has been the topic of several research analyst reports. Citigroup upped their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday. 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, JPMorgan Chase & Co. decreased their price objective 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. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Trip.com Group has an average rating of "Buy" and a consensus 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.