E Fund Management Co. Ltd. Sells 14,922 Shares of Trip.com Group Limited (NASDAQ:TCOM)

E Fund Management Co. Ltd. lowered its stake in Trip.com Group Limited (NASDAQ:TCOM) by 44.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,910 shares of the company’s stock after selling 14,922 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Trip.com Group were worth $1,298,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Trip.com Group in the 4th quarter valued at $25,000. Principal Securities Inc. increased its stake 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 acquiring an additional 169 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group in the 3rd quarter valued at $38,000. SBI Securities Co. Ltd. bought a new stake in shares of Trip.com Group in the 4th quarter valued at $94,000. Finally, Empowered Funds LLC bought a new stake in shares of Trip.com Group in the 4th quarter valued at $136,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

TCOM opened at $63.52 on Friday. 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 company has a market capitalization of $40.91 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 0.67 and a beta of 0.38. The firm’s fifty day moving average price is $66.47 and its two-hundred day moving average price is $62.24. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18.

Trip.com Group Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, March 17th. Trip.com Group’s dividend payout ratio is 8.02%.

Analysts Set New Price Targets

A number of analysts have commented on TCOM shares. Mizuho boosted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays boosted their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Citigroup boosted their price target 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. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Trip.com Group presently has an average rating of “Buy” and a consensus target price 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.