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

AIA Group Ltd lowered its position in Trip.com Group Limited (NASDAQ:TCOM) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,098 shares of the company’s stock after selling 26,090 shares during the period. AIA Group Ltd’s holdings in Trip.com Group were worth $8,589,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Cerity Partners LLC raised its position in Trip.com Group by 16.1% in the 3rd quarter. Cerity Partners LLC now owns 13,706 shares of the company’s stock valued at $815,000 after purchasing an additional 1,896 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Trip.com Group by 218.1% in the third quarter. Quantbot Technologies LP now owns 16,644 shares of the company’s stock valued at $989,000 after buying an additional 11,412 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Trip.com Group by 2,170.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 704,244 shares of the company’s stock valued at $41,853,000 after buying an additional 673,228 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Trip.com Group during the 3rd quarter worth about $922,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Trip.com Group by 4.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,026,506 shares of the company’s stock valued at $61,005,000 after acquiring an additional 46,338 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Down 3.8 %

Shares of NASDAQ TCOM opened at $62.68 on Monday. 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 Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The company’s fifty day moving average is $65.69 and its 200-day moving average is $64.52. The stock 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.

Trip.com Group Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is currently 8.02%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TCOM. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. 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 research report on Thursday, February 27th. 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. Finally, Citigroup lifted 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 report on Friday, January 3rd. One equities 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 stock. According to MarketBeat, the stock presently has a consensus 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.