Robeco Institutional Asset Management B.V. Sells 195,942 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Robeco Institutional Asset Management B.V. trimmed its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 12.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,395,298 shares of the company's stock after selling 195,942 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.22% of Trip.com Group worth $88,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Rhumbline Advisers boosted its position in Trip.com Group by 1.6% during the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after acquiring an additional 184 shares during the last quarter. Principal Securities Inc. raised its stake in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after acquiring an additional 169 shares during the period. Private Advisor Group LLC lifted its holdings in Trip.com Group by 2.8% during the 4th quarter. Private Advisor Group LLC now owns 16,272 shares of the company's stock valued at $1,117,000 after purchasing an additional 440 shares during the last quarter. QRG Capital Management Inc. boosted its position in Trip.com Group by 2.0% during the fourth quarter. QRG Capital Management Inc. now owns 14,751 shares of the company's stock worth $1,013,000 after purchasing an additional 286 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Trip.com Group by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company's stock valued at $205,678,000 after purchasing an additional 34,586 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Down 1.1%

Shares of NASDAQ TCOM opened at $58.70 on Friday. Trip.com Group Limited Sponsored ADR has a 1 year low of $38.23 and a 1 year high of $77.18. 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 has a market cap of $38.35 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 2.80 and a beta of 0.09. The company has a 50 day simple moving average of $60.90 and a 200 day simple moving average of $63.73.

Analysts Set New Price Targets

Several analysts recently commented on TCOM shares. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. TD Securities lifted their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Bank of America boosted their price target 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. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $77.25.

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.

Want to see what other hedge funds are holding TCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.