APG Asset Management N.V. Sells 920,000 Shares of Trip.com Group Limited Sponsored ADR $TCOM

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. lowered its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 70.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 386,400 shares of the company's stock after selling 920,000 shares during the quarter. APG Asset Management N.V. owned about 0.06% of Trip.com Group worth $22,743,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Trip.com Group by 4.1% in the 1st quarter. Principal Financial Group Inc. now owns 257,077 shares of the company's stock valued at $16,345,000 after purchasing an additional 10,124 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Trip.com Group in the first quarter valued at about $690,000. Cerity Partners LLC increased its stake in shares of Trip.com Group by 57.8% during the 1st quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock worth $1,377,000 after purchasing an additional 7,929 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Trip.com Group during the fourth quarter valued at $382,000. Finally, LPL Financial LLC grew its stake in Trip.com Group by 219.7% in the 1st quarter. LPL Financial LLC now owns 44,706 shares of the company's stock worth $2,842,000 after acquiring an additional 30,723 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Up 14.9%

Shares of NASDAQ:TCOM traded up $9.74 during mid-day trading on Thursday, reaching $75.03. 8,963,347 shares of the stock were exchanged, compared to its average volume of 3,510,833. The stock's 50 day simple moving average is $61.54 and its 200-day simple moving average is $61.51. Trip.com Group Limited Sponsored ADR has a one year low of $46.20 and a one year high of $77.18. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The company has a market cap of $49.01 billion, a P/E ratio of 21.75, a P/E/G ratio of 3.11 and a beta of 0.06.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TCOM. Mizuho lifted their price objective on shares of 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 boosted their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. TD Securities increased their price objective on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $77.53.

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.