Artisan Partners Limited Partnership Sells 20,111 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Artisan Partners Limited Partnership lessened its stake in shares of Trip.com Group Limited (NASDAQ:TCOM) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 323,323 shares of the company’s stock after selling 20,111 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Trip.com Group were worth $22,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in Trip.com Group by 17.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,557 shares of the company’s stock valued at $2,029,000 after purchasing an additional 4,325 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Trip.com Group by 10.8% during the fourth quarter. Prudential Financial Inc. now owns 107,200 shares of the company’s stock valued at $7,360,000 after buying an additional 10,471 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Trip.com Group by 27.5% in the 4th quarter. Sei Investments Co. now owns 1,232,292 shares of the company’s stock valued at $84,609,000 after buying an additional 265,436 shares in the last quarter. American Century Companies Inc. grew its position in shares of Trip.com Group by 58.1% in the 4th quarter. American Century Companies Inc. now owns 1,258,031 shares of the company’s stock worth $86,376,000 after buying an additional 462,090 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Trip.com Group by 112.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 6,744 shares of the company’s stock worth $463,000 after buying an additional 3,571 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TCOM. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Finally, Citigroup boosted their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Trading Down 3.8 %

Trip.com Group stock opened at $62.68 on Friday. The stock has a 50-day moving average price of $65.69 and a 200 day moving average price of $64.28. The company has a market capitalization of $40.37 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. Trip.com Group Limited has a 52 week low of $38.23 and a 52 week high of $77.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Announces Dividend

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

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.