LPL Financial LLC Lowers Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

LPL Financial LLC cut its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,983 shares of the company’s stock after selling 494 shares during the quarter. LPL Financial LLC’s holdings in Trip.com Group were worth $960,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TCOM. Sei Investments Co. grew its holdings in shares of Trip.com Group by 27.5% in the fourth quarter. Sei Investments Co. now owns 1,232,292 shares of the company’s stock valued at $84,609,000 after acquiring an additional 265,436 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Trip.com Group by 58.1% during the 4th quarter. American Century Companies Inc. now owns 1,258,031 shares of the company’s stock worth $86,376,000 after purchasing an additional 462,090 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Trip.com Group by 112.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 6,744 shares of the company’s stock worth $463,000 after buying an additional 3,571 shares during the last quarter. Whittier Trust Co. grew its position in Trip.com Group by 54.9% during the fourth quarter. Whittier Trust Co. now owns 29,393 shares of the company’s stock valued at $2,018,000 after buying an additional 10,412 shares during the period. Finally, Northwest & Ethical Investments L.P. increased its holdings in Trip.com Group by 9.9% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 80,800 shares of the company’s stock worth $5,548,000 after buying an additional 7,265 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Down 1.3 %

Shares of TCOM stock opened at $54.85 on Monday. The company has a market capitalization of $35.33 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. Trip.com Group Limited has a 52-week low of $38.23 and a 52-week high of $77.18. The business’s fifty day moving average is $61.28 and its 200 day moving average is $64.82. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group’s payout ratio is currently 8.02%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. Citigroup upped 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. JPMorgan Chase & Co. reduced their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Finally, StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.