Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. significantly reduced its stake in Trip.com Group Limited by 70.4%, leaving it with about $22.74 million in holdings after selling 920,000 shares in the first quarter.
• Trip.com Group has seen increased investments from several institutional investors, with 35.41% of its stock currently held by such entities.
• Analyst ratings for Trip.com Group are generally positive, with an average price target of $77.25 and multiple upgrades to "buy" and "strong-buy" ratings from reputable firms.

APG Asset Management N.V. trimmed its holdings in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 70.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 386,400 shares of the company's stock after selling 920,000 shares during the period. APG Asset Management N.V. owned 0.06% of Trip.com Group worth $22,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TCOM. Cetera Investment Advisers lifted its holdings in shares of Trip.com Group by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock valued at $1,444,000 after purchasing an additional 166 shares during the last quarter. Prudential PLC lifted its holdings in shares of Trip.com Group by 2.1% in the 1st quarter. Prudential PLC now owns 11,897 shares of the company's stock valued at $756,000 after purchasing an additional 244 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Trip.com Group by 4.2% in the 1st quarter. Townsquare Capital LLC now owns 8,349 shares of the company's stock valued at $531,000 after purchasing an additional 338 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Trip.com Group by 28.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,633 shares of the company's stock valued at $104,000 after purchasing an additional 360 shares during the last quarter. Finally, CWM LLC increased its position in Trip.com Group by 15.0% in the 1st quarter. CWM LLC now owns 2,810 shares of the company's stock valued at $179,000 after acquiring an additional 366 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

NASDAQ TCOM traded down $1.28 on Friday, hitting $73.75. 4,246,337 shares of the company's stock were exchanged, compared to its average volume of 3,424,855. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.46. The firm's 50-day moving average price is $62.27 and its two-hundred day moving average price is $61.56. Trip.com Group Limited Sponsored ADR has a fifty-two week low of $46.20 and a fifty-two week high of $77.18. The firm has a market cap of $48.18 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 3.53 and a beta of 0.06.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Mizuho upped their price objective on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Thursday. Bank of America upped their price objective on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Barclays upped their price objective on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. Finally, TD Securities upped their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $76.98.

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.