Martin Currie Ltd. Sells 23,737 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Martin Currie Ltd. lessened its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,155,749 shares of the company's stock after selling 23,737 shares during the period. Trip.com Group makes up 2.9% of Martin Currie Ltd.'s portfolio, making the stock its 12th biggest position. Martin Currie Ltd. owned approximately 0.18% of Trip.com Group worth $79,354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TCOM. Headwater Capital Co Ltd bought a new position in Trip.com Group during the fourth quarter worth about $13,732,000. WT Asset Management Ltd raised its stake in Trip.com Group by 92.3% in the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company's stock valued at $3,050,000 after buying an additional 21,316 shares during the period. BOCHK Asset Management Ltd lifted its position in shares of Trip.com Group by 85.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company's stock valued at $893,000 after buying an additional 6,000 shares during the last quarter. Capital Advisory Group Advisory Services LLC bought a new position in shares of Trip.com Group during the 4th quarter worth approximately $381,000. Finally, Flow Traders U.S. LLC bought a new stake in Trip.com Group in the 3rd quarter valued at $922,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TCOM shares. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price 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. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Citigroup lifted their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. One equities research 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. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $77.08.

Remove Ads

Trip.com Group Trading Down 3.2 %

TCOM traded down $2.06 during trading on Thursday, reaching $61.52. 1,709,156 shares of the company's stock were exchanged, compared to its average volume of 3,909,983. The firm has a fifty day moving average price of $65.44 and a two-hundred day moving average price of $64.74. The stock has a market capitalization of $39.62 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. 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 Announces Dividend

The business also recently disclosed 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 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.