49,613 Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its Trip.com Group position by 1.8%, selling 49,613 shares in the third quarter and retaining 2.71 million shares worth approximately $106.1 million.
• Other institutional investors increased or initiated positions, while hedge funds and institutional investors collectively own 35.41% of Trip.com Group.
• TCOM opened at $39.31, near its 52-week low of $37.58, while analysts maintain a “Moderate Buy” consensus with an average price target of $60.45.

Robeco Institutional Asset Management B.V. cut its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,712,297 shares of the company's stock after selling 49,613 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.42% of Trip.com Group worth $106,051,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Perseverance Asset Management International bought a new position in shares of Trip.com Group during the 1st quarter worth $33,608,000. Ardmore Road Asset Management LP bought a new stake in Trip.com Group in the 1st quarter valued at about $14,937,000. ABN Amro Investment Solutions raised its stake in Trip.com Group by 91.5% in the 1st quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company's stock valued at $24,595,000 after acquiring an additional 235,997 shares during the period. Y Intercept Hong Kong Ltd raised its stake in Trip.com Group by 399.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 187,905 shares of the company's stock valued at $9,356,000 after acquiring an additional 150,312 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Trip.com Group during the second quarter valued at about $5,210,000. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $39.31 on Thursday. The business's fifty day moving average is $41.24 and its 200 day moving average is $45.30. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 3.29 and a beta of -0.04. Trip.com Group Limited Sponsored ADR has a 52-week low of $37.58 and a 52-week high of $78.99.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $1.07 EPS for the quarter. The business had revenue of $2.31 billion during the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. Equities analysts predict that Trip.com Group Limited Sponsored ADR will post 3.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup cut their target price on shares of Trip.com Group from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. HSBC downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 3rd. Jefferies Financial Group reissued a "buy" rating and issued a $63.00 price target on shares of Trip.com Group in a research report on Tuesday, July 28th. Benchmark restated a "buy" rating on shares of Trip.com Group in a research note on Tuesday, July 28th. Finally, Mizuho cut their price objective on shares of Trip.com Group from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.45.

Trip.com Group Company Profile

Trip.com Group Limited NASDAQ: TCOM is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.

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