Franklin Resources Inc. Sells 16,519 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Franklin Resources Inc. lowered its position in shares of Trip.com Group Limited (NASDAQ:TCOM) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 509,901 shares of the company’s stock after selling 16,519 shares during the period. Franklin Resources Inc. owned about 0.08% of Trip.com Group worth $35,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Trip.com Group during the fourth quarter valued at about $25,000. Rakuten Securities Inc. boosted its position in Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after buying an additional 449 shares during the period. Principal Securities Inc. grew its holdings in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after acquiring an additional 169 shares during the last quarter. Farther Finance Advisors LLC increased its position in Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after acquiring an additional 510 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Trip.com Group in the 4th quarter valued at approximately $94,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TCOM shares. Benchmark reissued a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. Citigroup boosted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. StockNews.com cut 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. lowered their target price on shares of 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. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Trip.com Group currently has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Down 8.7 %

Shares of NASDAQ TCOM opened at $55.89 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market cap of $36.00 billion, a PE ratio of 16.73, a P/E/G ratio of 0.67 and a beta of 0.12. The company’s fifty day simple moving average is $64.99 and its 200 day simple moving average is $64.91. Trip.com Group Limited has a 12-month low of $38.23 and a 12-month high of $77.18.

Trip.com Group Announces Dividend

The business also recently disclosed a — dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is presently 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.