Capital International Sarl Has $42.76 Million Stake in Trip.com Group Limited (NASDAQ:TCOM)

Capital International Sarl lowered its position in Trip.com Group Limited (NASDAQ:TCOM) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 622,741 shares of the company’s stock after selling 50,062 shares during the period. Trip.com Group accounts for 1.0% of Capital International Sarl’s portfolio, making the stock its 25th largest holding. Capital International Sarl owned 0.10% of Trip.com Group worth $42,757,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Trip.com Group by 125.5% during the fourth quarter. FMR LLC now owns 25,088,658 shares of the company’s stock worth $1,722,587,000 after purchasing an additional 13,964,875 shares during the period. Wellington Management Group LLP lifted its position in Trip.com Group by 92.9% during the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after acquiring an additional 2,101,937 shares during the last quarter. Norges Bank bought a new stake in Trip.com Group during the fourth quarter valued at about $67,473,000. FIL Ltd increased its stake in shares of Trip.com Group by 8.8% in the fourth quarter. FIL Ltd now owns 8,453,025 shares of the company’s stock worth $580,385,000 after purchasing an additional 684,364 shares during the period. Finally, Amundi boosted its stake in Trip.com Group by 203.2% during the 4th quarter. Amundi now owns 996,123 shares of the company’s stock valued at $64,648,000 after purchasing an additional 667,589 shares during the period. Institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TCOM. JPMorgan Chase & Co. cut their price target 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. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Citigroup upped their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Benchmark restated a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. One research 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’s stock. According to MarketBeat.com, Trip.com Group presently has an average rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Price Performance

Trip.com Group stock opened at $54.85 on Friday. The business has a 50 day simple moving average of $61.50 and a 200 day simple moving average of $64.89. 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 capitalization of $35.33 billion, a PE ratio of 16.42, 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 current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Dividend Announcement

The company also recently announced 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 payout ratio is 8.02%.

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.