Truist Financial Corp reduced its position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 82.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,573 shares of the company's stock after selling 46,384 shares during the quarter. Truist Financial Corp's holdings in Trip.com Group were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in Trip.com Group in the fourth quarter valued at about $25,000. Principal Securities Inc. grew its holdings in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after buying an additional 169 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in Trip.com Group during the 3rd quarter worth $38,000. Empowered Funds LLC bought a new position in Trip.com Group during the fourth quarter worth about $136,000. Finally, Aaron Wealth Advisors LLC bought a new stake in shares of Trip.com Group in the fourth quarter worth about $232,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.
Trip.com Group Price Performance
TCOM traded down $0.75 on Thursday, hitting $63.26. 2,654,934 shares of the stock were exchanged, compared to its average volume of 3,831,547. The firm has a market capitalization of $40.75 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 0.67 and a beta of 0.38. 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 Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The business has a 50-day moving average of $66.66 and a two-hundred day moving average of $62.23.
Trip.com Group Dividend Announcement
The company also recently disclosed a -- dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is 8.02%.
Analysts Set New Price Targets
TCOM has been the subject of a number of 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 for the company in a research report on Thursday, February 27th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Barclays lifted their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. HSBC raised shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a report on Tuesday, November 19th. Finally, Hsbc Global Res upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $77.08.
View Our Latest Report on Trip.com Group
Trip.com Group Profile
(
Free Report)
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.
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