AIA Group Ltd Sells 26,090 Shares of Trip.com Group Limited (NASDAQ:TCOM)

AIA Group Ltd cut its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 17.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 125,098 shares of the company’s stock after selling 26,090 shares during the quarter. AIA Group Ltd’s holdings in Trip.com Group were worth $8,589,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TCOM. Schroder Investment Management Group boosted its stake in shares of Trip.com Group by 2.1% during the 4th quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company’s stock worth $700,115,000 after buying an additional 213,381 shares during the last quarter. ARGA Investment Management LP boosted its position in Trip.com Group by 46.9% during the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after purchasing an additional 1,884,044 shares during the last quarter. CoreView Capital Management Ltd increased its position in shares of Trip.com Group by 15.8% during the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after purchasing an additional 639,000 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Trip.com Group by 92.9% during the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after purchasing an additional 2,101,937 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Trip.com Group by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company’s stock valued at $205,678,000 after buying an additional 34,586 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TCOM. Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. Citigroup upped their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $62.68 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $40.37 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 0.67 and a beta of 0.38. The stock’s fifty day moving average price is $65.69 and its two-hundred day moving average price is $64.52. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18.

Trip.com Group Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, April 4th. Shareholders 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 dividend payout ratio is currently 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.