Keystone Investors PTE Ltd. Sells 494,373 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Keystone Investors PTE Ltd. lessened its stake in Trip.com Group Limited (NASDAQ:TCOM) by 31.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,061,207 shares of the company’s stock after selling 494,373 shares during the quarter. Trip.com Group makes up about 5.1% of Keystone Investors PTE Ltd.’s portfolio, making the stock its 7th biggest holding. Keystone Investors PTE Ltd. owned 0.16% of Trip.com Group worth $72,862,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new stake in shares of Trip.com Group in the fourth quarter worth approximately $25,000. Rakuten Securities Inc. grew 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 buying an additional 449 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after buying an additional 169 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of 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 buying an additional 510 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of Trip.com Group in the third quarter worth about $38,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Trading Down 0.5 %

NASDAQ TCOM opened at $63.91 on Tuesday. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The stock has a market capitalization of $41.16 billion, a P/E ratio of 19.13, a PEG ratio of 0.67 and a beta of 0.38. The firm’s 50-day moving average is $65.84 and its two-hundred day moving average is $64.06. 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 business also recently announced a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is presently 8.02%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TCOM shares. JPMorgan Chase & Co. cut their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Citigroup lifted 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. Benchmark restated a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. One equities 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, Trip.com Group presently has an average rating of “Buy” and an average price target 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.