Legal & General Group Plc Trims Stake in Trip.com Group Limited (NASDAQ:TCOM)

Legal & General Group Plc lessened its stake in Trip.com Group Limited (NASDAQ:TCOM) by 29.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,311,112 shares of the company’s stock after selling 1,400,126 shares during the period. Legal & General Group Plc owned 0.51% of Trip.com Group worth $227,391,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP boosted its holdings in shares of Trip.com Group by 27.6% in the 3rd quarter. Quantinno Capital Management LP now owns 13,173 shares of the company’s stock valued at $783,000 after buying an additional 2,853 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Trip.com Group by 18.4% during the 3rd quarter. Stifel Financial Corp now owns 17,200 shares of the company’s stock valued at $1,022,000 after purchasing an additional 2,678 shares in the last quarter. XTX Topco Ltd increased its holdings in Trip.com Group by 53.8% in the 3rd quarter. XTX Topco Ltd now owns 16,612 shares of the company’s stock worth $987,000 after acquiring an additional 5,813 shares in the last quarter. MML Investors Services LLC increased its holdings in Trip.com Group by 12.3% in the 3rd quarter. MML Investors Services LLC now owns 14,126 shares of the company’s stock worth $839,000 after acquiring an additional 1,546 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in Trip.com Group during the 3rd quarter worth $224,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 4.9 %

TCOM stock opened at $54.79 on Thursday. Trip.com Group Limited has a one year low of $38.23 and a one year high of $77.18. The stock has a market capitalization of $35.29 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. 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 company has a fifty day moving average of $63.21 and a 200-day moving average of $64.98.

Trip.com Group Announces Dividend

The business also recently declared a — dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were issued 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%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Citigroup upped their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their target price 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. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Trip.com Group presently has a consensus rating of “Buy” and an average 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.