Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its holdings in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,569 shares of the company's stock after selling 6,157 shares during the quarter. Wells Fargo & Company MN's holdings in Trip.com Group were worth $2,854,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. abrdn plc increased its holdings in shares of Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after acquiring an additional 150 shares during the period. Principal Securities Inc. boosted its position in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. Rhumbline Advisers grew its stake in Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock valued at $825,000 after purchasing an additional 184 shares during the last quarter. Blair William & Co. IL grew its stake in Trip.com Group by 4.3% in the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after purchasing an additional 219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Down 0.2 %

NASDAQ TCOM traded down $0.14 on Friday, reaching $57.52. 2,964,510 shares of the company were exchanged, compared to its average volume of 4,076,475. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The business's fifty day moving average price is $60.12 and its 200 day moving average price is $64.53. The stock has a market capitalization of $37.05 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.

Trip.com Group Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's dividend payout ratio is currently 8.02%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TCOM. StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. dropped their target price on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Citigroup increased their price target 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. Finally, Benchmark restated a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Trip.com Group presently 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.