Bank of New York Mellon Corp Sells 1,392 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Bank of New York Mellon Corp cut its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,927 shares of the company’s stock after selling 1,392 shares during the quarter. Bank of New York Mellon Corp’s holdings in Trip.com Group were worth $2,467,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TCOM. FMR LLC grew its holdings in shares of Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after buying an additional 2,749,365 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after acquiring an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP raised its holdings in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after buying an additional 1,884,044 shares during the last quarter. CoreView Capital Management Ltd boosted its stake in shares of Trip.com Group by 15.8% during the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after purchasing an additional 639,000 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Trip.com Group by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 2,961,009 shares of the company’s stock worth $175,973,000 after purchasing an additional 170,890 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Trading Down 3.7 %

TCOM opened at $64.53 on Friday. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The company has a market cap of $41.56 billion, a P/E ratio of 19.32, a PEG ratio of 0.67 and a beta of 0.38. 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 business’s 50-day simple moving average is $65.82 and its 200-day simple moving average is $63.60.

Trip.com Group Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s payout ratio is currently 8.02%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price 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, Citigroup lifted their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $77.08.

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.