Congress Wealth Management LLC DE Sells 302 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Congress Wealth Management LLC DE cut its position in Trip.com Group Limited (NASDAQ:TCOM) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,003 shares of the company’s stock after selling 302 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Trip.com Group were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TCOM. Aspex Management HK Ltd acquired a new stake in Trip.com Group in the third quarter valued at $128,962,000. Wellington Management Group LLP increased its stake in shares of Trip.com Group by 557.8% in the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after buying an additional 1,919,006 shares during the period. ARGA Investment Management LP raised its position in shares of Trip.com Group by 46.9% during the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after acquiring an additional 1,884,044 shares during the last quarter. Wasatch Advisors LP acquired a new position in shares of Trip.com Group in the third quarter worth approximately $73,336,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Trip.com Group by 2,170.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 704,244 shares of the company’s stock valued at $41,853,000 after acquiring an additional 673,228 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark reiterated a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, Citigroup boosted their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Trading Down 3.8 %

NASDAQ TCOM opened at $62.68 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The business has a 50 day moving average price of $65.69 and a 200-day moving average price of $64.40. The company has a market cap of $40.37 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 0.67 and a beta of 0.38.

Trip.com Group Announces Dividend

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

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.