Edmond DE Rothschild Holding S.A. Reduces Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Edmond DE Rothschild Holding S.A. trimmed its position in Trip.com Group Limited (NASDAQ:TCOM) by 41.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,150 shares of the company’s stock after selling 49,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Trip.com Group were worth $4,748,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Trip.com Group during the 4th quarter valued at approximately $25,000. Rakuten Securities Inc. raised its holdings 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 purchasing an additional 449 shares during the last quarter. Principal Securities Inc. lifted its position in Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares during the period. Farther Finance Advisors LLC boosted 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 purchasing an additional 510 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Trip.com Group during the 4th quarter worth about $94,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Up 1.4 %

Shares of Trip.com Group stock opened at $63.58 on Tuesday. Trip.com Group Limited has a twelve month low of $38.23 and a twelve month high of $77.18. The firm’s 50-day moving average price is $65.62 and its 200 day moving average price is $64.64. 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 market capitalization of $40.95 billion, a PE ratio of 19.04, a P/E/G ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on TCOM. JPMorgan Chase & Co. lowered their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Citigroup upped their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Benchmark reissued a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group presently has an average rating of “Buy” and an average target price of $77.08.

About Trip.com Group

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.