Trip.com Group Limited (NASDAQ:TCOM) Stake Reduced by William Blair Investment Management LLC

William Blair Investment Management LLC cut its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 9.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 43,919 shares of the company’s stock after selling 4,482 shares during the quarter. William Blair Investment Management LLC’s holdings in Trip.com Group were worth $3,015,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the period. Sanders Capital LLC raised its position in shares of Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the period. Aspex Management HK Ltd acquired a new stake in Trip.com Group during the 3rd quarter worth about $128,962,000. Wellington Management Group LLP raised its holdings in Trip.com Group by 557.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after buying an additional 1,919,006 shares during the period. Finally, ARGA Investment Management LP raised its holdings in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after buying an additional 1,884,044 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Trading Up 1.4 %

NASDAQ:TCOM opened at $67.00 on Thursday. The stock’s 50 day moving average price is $65.83 and its 200 day moving average price is $63.59. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The company has a market capitalization of $43.15 billion, a P/E ratio of 20.06, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Macquarie boosted their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. cut 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 note on Thursday, February 27th. Benchmark reissued a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. Citigroup upped their price target on 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, StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Trip.com Group currently has a consensus rating of “Buy” and a consensus price target of $77.08.

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.