Loomis Sayles & Co. L P Reduces Position in Trip.com Group Limited (NASDAQ:TCOM)

Loomis Sayles & Co. L P decreased its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 863,246 shares of the company’s stock after selling 230,939 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Trip.com Group were worth $59,270,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Trip.com Group by 45.5% during the 3rd quarter. Victory Capital Management Inc. now owns 10,985 shares of the company’s stock valued at $653,000 after buying an additional 3,433 shares during the last quarter. Citigroup Inc. boosted its stake in Trip.com Group by 45.6% during the 3rd quarter. Citigroup Inc. now owns 310,154 shares of the company’s stock valued at $18,432,000 after acquiring an additional 97,067 shares during the last quarter. Cerity Partners LLC boosted its stake in Trip.com Group by 16.1% during the 3rd quarter. Cerity Partners LLC now owns 13,706 shares of the company’s stock valued at $815,000 after acquiring an additional 1,896 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Trip.com Group by 5.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 23,787 shares of the company’s stock worth $1,414,000 after purchasing an additional 1,177 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after purchasing an additional 2,749,365 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ TCOM opened at $63.11 on Thursday. The company has a 50-day moving average price of $65.79 and a two-hundred day moving average price of $64.17. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The stock has a market cap of $40.65 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 8.02%.

Wall Street Analysts Forecast Growth

TCOM has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Citigroup lifted their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Benchmark reissued a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $77.08.

About Trip.com Group

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.