Trip.com Group Limited (NASDAQ:TCOM) Shares Sold by Martin Currie Ltd.

Martin Currie Ltd. lowered its position in Trip.com Group Limited (NASDAQ:TCOM) by 2.0% in the fourth quarter, HoldingsChannel reports. 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 holdings, making the stock its 12th biggest position. Martin Currie Ltd.’s holdings in Trip.com Group were worth $79,354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Trip.com Group during the 4th quarter valued at $25,000. Rakuten Securities Inc. lifted its position in shares of Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after acquiring an additional 449 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of 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 acquiring an additional 169 shares during the last quarter. Farther Finance Advisors LLC increased its position in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after purchasing an additional 510 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Trip.com Group in the 4th quarter valued at about $94,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Price Performance

TCOM opened at $62.68 on Friday. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The company has a 50 day moving average of $65.69 and a two-hundred day moving average of $64.40. The company has a market cap of $40.37 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.67 and a beta of 0.38. 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 declared a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is 8.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TCOM shares. Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut 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. 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 increased their price target on shares of 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 research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price 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.