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

Loomis Sayles & Co. L P reduced its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 863,246 shares of the company’s stock after selling 230,939 shares during the period. Loomis Sayles & Co. L P owned 0.13% of Trip.com Group worth $59,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TCOM. FMR LLC boosted its position in Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after acquiring an additional 2,749,365 shares during the last quarter. ARGA Investment Management LP boosted its holdings in shares of 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 worth $350,602,000 after purchasing an additional 1,884,044 shares during the last quarter. CoreView Capital Management Ltd boosted its holdings in shares of Trip.com Group by 15.8% during the third 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. Fisher Asset Management LLC grew its position in shares of Trip.com Group by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company’s stock valued at $205,678,000 after purchasing an additional 34,586 shares during the period. Finally, Wellington Management Group LLP increased its stake in Trip.com Group by 557.8% in the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after purchasing an additional 1,919,006 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on TCOM. JPMorgan Chase & Co. lowered their price target 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. Benchmark restated a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Citigroup boosted their price objective 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. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Trading Down 0.9 %

Shares of TCOM opened at $63.11 on Thursday. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The stock’s 50-day moving average is $65.79 and its two-hundred day moving average is $64.17. 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 stock has a market cap of $40.65 billion, a PE ratio of 18.90, a P/E/G ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is presently 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.