Wells Fargo & Company MN Cuts Stake in Trip.com Group Limited (NASDAQ:TCOM)

Wells Fargo & Company MN decreased its position in Trip.com Group Limited (NASDAQ:TCOM) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,569 shares of the company’s stock after selling 6,157 shares during the period. Wells Fargo & Company MN’s holdings in Trip.com Group were worth $2,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TCOM. Schroder Investment Management Group boosted its holdings in Trip.com Group by 2.1% in the 4th quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company’s stock valued at $700,115,000 after purchasing an additional 213,381 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 valued at $299,700,000 after buying an additional 2,101,937 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Trip.com Group by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company’s stock worth $205,678,000 after acquiring an additional 34,586 shares during the period. Trivest Advisors Ltd raised its position in Trip.com Group by 56.5% in the fourth quarter. Trivest Advisors Ltd now owns 1,657,000 shares of the company’s stock worth $113,770,000 after acquiring an additional 598,000 shares in the last quarter. Finally, American Century Companies Inc. boosted its position 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 in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, April 18th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Citigroup upped their target price on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $77.08.

Trip.com Group Trading Up 2.3 %

Shares of TCOM stock opened at $58.20 on Thursday. The company has a market capitalization of $37.49 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 0.67 and a beta of 0.12. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $60.54 and a 200 day moving average price of $64.63. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18.

Trip.com Group Dividend Announcement

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

Trip.com Group 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.