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

E Fund Management Co. Ltd. reduced its position in Trip.com Group Limited (NASDAQ:TCOM) by 44.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

A number of other hedge funds also recently made changes to their positions in TCOM. Brooklyn Investment Group acquired a new stake in shares of Trip.com Group in the 4th quarter valued at approximately $25,000. Principal Securities Inc. boosted 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 purchasing an additional 169 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the 3rd quarter valued at approximately $38,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trip.com Group in the 4th quarter valued at approximately $94,000. Finally, Empowered Funds LLC acquired a new stake in shares of Trip.com Group in the 4th quarter valued at approximately $136,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Mizuho lifted their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their target price on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Finally, Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $77.08.

Trip.com Group Stock Down 0.8 %

Shares of NASDAQ TCOM opened at $63.52 on Friday. The company has a market capitalization of $40.91 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company’s 50 day moving average price is $66.47 and its 200-day moving average price is $62.24.

Trip.com Group Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, April 4th. Stockholders 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 (DPR) is currently 8.02%.

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.