Invesco Ltd. Cuts Stake in Trip.com Group Limited (NASDAQ:TCOM)

Invesco Ltd. lessened its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 614,082 shares of the company’s stock after selling 61,235 shares during the quarter. Invesco Ltd.’s holdings in Trip.com Group were worth $42,163,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TCOM. Brooklyn Investment Group purchased a new position in Trip.com Group in the fourth quarter valued at $25,000. National Bank of Canada FI boosted its stake in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after buying an additional 321 shares during the period. Rakuten Securities Inc. grew its position in shares of Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after buying an additional 449 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after buying an additional 169 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after acquiring an additional 510 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Down 1.6 %

Trip.com Group stock opened at $55.55 on Thursday. The stock’s 50 day moving average price is $61.77 and its 200 day moving average price is $64.92. Trip.com Group Limited has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a market cap of $35.78 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Announces Dividend

The business also recently declared a — dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is presently 8.02%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TCOM. Benchmark reissued 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 Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Citigroup boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, 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. One investment 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 company’s stock. According to MarketBeat.com, the company presently has an average 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.