Geode Capital Management LLC Sells 550 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Geode Capital Management LLC trimmed its position in Trip.com Group Limited (NASDAQ:TCOM) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 317,344 shares of the company’s stock after selling 550 shares during the quarter. Geode Capital Management LLC’s holdings in Trip.com Group were worth $21,789,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TCOM. National Bank of Canada FI increased 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 purchasing an additional 321 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its position in Trip.com Group by 17.2% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 136,012 shares of the company’s stock valued at $9,339,000 after acquiring an additional 19,976 shares during the last quarter. Alliancebernstein L.P. bought a new position in Trip.com Group in the fourth quarter valued at about $1,358,000. Axiom Investors LLC DE raised its stake in Trip.com Group by 79.2% during the fourth quarter. Axiom Investors LLC DE now owns 1,131,000 shares of the company’s stock worth $77,654,000 after acquiring an additional 499,823 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after acquiring an additional 2,101,937 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Down 1.3 %

Trip.com Group stock opened at $54.85 on Friday. The firm has a market cap of $35.33 billion, a price-to-earnings ratio of 16.42, a PEG 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 company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a 50 day moving average price of $61.28 and a two-hundred day moving average price of $64.83.

Trip.com Group Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, April 4th. Investors 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 is presently 8.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TCOM shares. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. dropped their price target on 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. Benchmark restated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, Citigroup increased their target price on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock 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.